BTC,ETH Nudge Higher As US Lawmakers Strike A Deal
Bitcoin and the broad cryptocurrency market sold off during the better part of trade this week, with fears over inflation and continued rate hikes resurfaced. However, the US
lawmakers agreeing over widely debated debt deal has helped calm investor nerve.
Bitcoin has reclaimed $27,000 mark and was recently trading 1.05% higher at $27,066. Ether, the second largest crypto in market value, was recently trading at about $1889, up 1.8% over
the past 24 hours. Analyst says that the largest crypto by market value is in an accumulation phase.In meantime, they have maintained that repricing interest rates higher has been a sort
of a headwind.
Among others, Litecoin continues to enjoy winning run. After rising 7.5% in the last 30 days, the second oldest coin is up almost 10% for the week.
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