Ethereum

Reserve Dollar

Solana

Jerome Powell

Reserve

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrencies-surge-after-fed-minutes" data-wpel-link="internal">Cryptocurrencies Surge After Fed Minutes</a><br></p>
<p style="text-align: justify">In the past 24 hours, the cryptocurrency market experienced significant price movements following the release of the Federal Reserve minutes and comments from Jerome Powell. Bitcoin, in particular, saw a notable increase, reaching $65,000. However, one altcoin among the top 10 saw a decline, highlighting the mixed reactions within the market. This article provides an overview of the latest developments in the cryptocurrency space as the weekend approaches.</p> 
<h2 id="what-is-the-current-bitcoin-price">What is the Current Bitcoin Price?</h2> 
<p style="text-align: justify">Bitcoin experienced a notable recovery after a drop earlier in the week. The release of the Fed minutes acted as a catalyst, pushing BTC prices above $64,000. Over the last 24 hours, Bitcoin’s price surged by 5.15%, boosting its market cap to $1.263 trillion. The trading volume also saw a significant increase, rising by 67% to over $43 billion.</p> 
<p style="text-align: justify">Mid-week statements from Jerome Powell further fueled the positive sentiment around Bitcoin, contributing to its upward momentum.</p> 
<h2 id="which-altcoins-experienced-gains">Which Altcoins Experienced Gains?</h2> 
<p style="text-align: justify">Ethereum followed Bitcoin’s lead, rising by 3.14% to over $2,700. This increase also improved Ethereum’s seven-day performance to 5.94%. Solana (SOL) demonstrated strong growth as well, climbing 5.97% to reach $154.46. XRP, despite legal uncertainties, surpassed $0.60, trading at $0.6086.</p> 
<p style="text-align: justify">Conversely, <a href="https://en.bitcoinhaber.net/bnb-coin-hits-new-all-time-high" data-wpel-link="internal">Binance Coin</a> (BNB) was the only major altcoin to experience a decline, dropping by 0.72% to $578. Other altcoins like TON and DOGE showed recovery signs, with TON moving towards $7 and DOGE reaching $0.1127. TRX, having risen 20.73% during the week, stood at $0.1627.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify">For <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> looking to make sense of these movements, the following points are noteworthy:</p> 
<ul> 
 <li>Bitcoin’s recovery signifies potential bullish trends due to external economic factors.</li> 
 <li>Ethereum and Solana show strong competition against Bitcoin with substantial gains.</li> 
 <li>Legal issues continue to impact XRP, yet it maintains resilience above $0.60.</li> 
 <li>BNB’s decline serves as a reminder of the volatility and unpredictability in the altcoin market.</li> 
</ul> 
<p style="text-align: justify">The market’s reaction to recent economic <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">announcements</a> indicates a strong correlation between traditional financial events and cryptocurrency price movements. Investors should keep an eye on both sectors to make informed decisions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrencies-surge-after-fed-minutes" data-wpel-link="internal">Cryptocurrencies Surge After Fed Minutes</a></h5>

Cryptocurrencies Surge After Fed Minutes

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