Bitcoin Price Climbs As Fed Meeting Suggests Slowing Down Interest Hikes

Bitcoin Price Climbs As Fed Meeting Suggests Slowing Down Interest Hikes

Bitcoin and its fellow crypto assets made a little recovery today that helped the market capitalization of the entire crypto market increase by 2.1% over the last 24 hours.
BTC peaked at $16,769 before settling at $16,702 at the time of this writing, according to latest tracking from Coingecko. Its rival, Ethereum, is up by more than 3% for the past day and is trading at $1,211.
All altcoins (stablecoins excluded) belonging to the top 10 list based on market capitalization tallied increases on their own, with Litecoin (LTC) leading the charge with its 35.4% price pump during the last seven days.
Solana, which was hit hardest by the collapse of the FTX crypto exchange platform, also registered an increase, going up by 10.5% over the last 24 hours to trade at $14.55.
Collectively, Bitcoin and the altcoins helped the crypto market push its overall valuation to $874 billion although it is still significantly lower than its market cap towards the end of October and the first days of Novembe

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