• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, August 12, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision – Market Updates Bitcoin News

June 15, 2022
in Bitcoin
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

SOL Makes Another Shot At $44, After Two Failed Attempts This Week

August 12, 2022

New Crypto Exchange Platform Bitflex Launches Futures Trading Competition with $15,000 Prize Pool – Press release Bitcoin News

August 12, 2022

ETH was close to falling below $1,000 on Wednesday, as markets began to prepare for the latest Fed policy meeting. Many expect that the FOMC will opt to hike interest rates today, as inflation continues to peak. BTC was also lower, hovering slightly above $20,000.

Bitcoin

BTC was hovering marginally above $20,000 in today’s session, as markets were anticipating the latest FOMC policy meeting.

Following a high of $22,729.56 yesterday, BTC/USD sank to an intraday low of $20,178.38 earlier in the day.

As a result of this latest low, bitcoin has now fallen for nine straight days, losing over 30% of its value within that time period.

Bitcoin, Ethereum Technical Analysis: ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision
BTC/USD – Daily Chart

This latest drop now sees BTC hit a fresh 19-month low, as prices dropped to their lowest point since December 2020.

Looking at the chart, the RSI is now at 22, however should this fall to the 20 level, we might see BTC hit a floor of around $19,000.

Some believe we may see this happen today, depending on what the Fed decides to do, as far as changes to its monetary policy.

Ethereum

ETH was close to falling below $1,000 on hump-day, as traders of the world’s second-largest crypto token were also awaiting the latest Fed decision.

On Wednesday, ETH fell to an intraday low of $1,025.68, which is its lowest point since January last year.

Like bitcoin, today’s move saw ETH fall for a ninth consecutive day, with traders still scrambling to find a solid price floor.

Bitcoin, Ethereum Technical Analysis: ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision
ETH/USD – Daily Chart

Some still believe that this floor could be below $1,000, with $800 a strong target for current bears in the market.

Overall, ethereum is down nearly 40% in the last seven days, with today’s drop taking relative strength to its lowest point on record.

Should the RSI continue to slide, we may see ETH very well break below $1,000, with a good chance of it moving towards $800.

Will an interest rate hike help or hinder crypto prices? Leave your thoughts in the comments below.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Still a Whale Favorite? Or is there more to it?

Next Post

Do Kwon’s Wallet was Not Behind the Depegging of TerraUST

Related Posts

SOL Makes Another Shot At $44, After Two Failed Attempts This Week

August 12, 2022

Solana (SOL) bulls are determined to push the price of the coin higher and breach the $44 level. Solana price...

New Crypto Exchange Platform Bitflex Launches Futures Trading Competition with $15,000 Prize Pool – Press release Bitcoin News

August 12, 2022

press release PRESS RELEASE. Seychelles, August 2022 – Bitflex Ltd., a secure crypto trading exchange currently specializing in crypto derivatives,...

Investors See Opportunity With Current Bitcoin Price – Bitcoin Magazine

August 12, 2022

This is an opinion editorial by Mike Ermolaev, head of public relations at the ChangeNOW exchange.As a retail trader or...

3 ERC Tokens Under $1 Set to Explode in 2022

August 12, 2022

Ethereum-based ERC tokens have consistently remained strong throughout the crypto winter. Projects created using the ERC standard benefit from high...

Bitcoin Price Tops Near $25K, Why Dips Might Be Limited

August 12, 2022

Bitcoin traded close to $25,000 before it corrected lower against the US Dollar. BTC must stay above the $23,500 support...

Load More
Next Post

Do Kwon’s Wallet was Not Behind the Depegging of TerraUST

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

China Planners Can’t Handle Bitcoin – Bitcoin Magazine

August 6, 2022

Bitcoin Price Surges 6%, Why Recent Breakout Looks Real

August 11, 2022

Digital assets are an “innovation on par with the internet, cars, and electricity”

August 6, 2022

MakerDAO founder to sell $3.5 billion in USDC for ETH backing

August 12, 2022

Celo Foundation to Help African Startups Scale Via Web3 Fund

August 12, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Bear market cycles see long-term holders capitulate and then accumulate
  • SOL Makes Another Shot At $44, After Two Failed Attempts This Week
  • Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says – Regulation Bitcoin News

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$23,859.00-2.84%
  • ethereumEthereum(ETH)$1,885.28-0.86%
  • tetherTether(USDT)$1.000.00%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • binancecoinBNB(BNB)$321.66-2.29%
  • rippleXRP(XRP)$0.373838-2.13%
  • cardanoCardano(ADA)$0.53-2.12%
  • Binance USDBinance USD(BUSD)$1.000.02%
  • SolanaSolana(SOL)$42.83-2.93%
  • polkadotPolkadot(DOT)$9.32-0.33%
  • dogecoinDogecoin(DOGE)$0.070906-2.21%
  • AvalancheAvalanche(AVAX)$28.96-1.25%
  • Lido Staked EtherLido Staked Ether(STETH)$1,830.29-0.75%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.15%
  • daiDai(DAI)$1.000.12%
  • matic-networkPolygon(MATIC)$0.92-1.77%
  • tronTRON(TRX)$0.069913-1.09%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,857.00-2.92%
  • ethereum-classicEthereum Classic(ETC)$42.18-3.79%
  • OKBOKB(OKB)$20.477.44%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.952.51%
  • leo-tokenLEO Token(LEO)$4.790.34%
  • chainlinkChainlink(LINK)$9.334.18%
  • litecoinLitecoin(LTC)$61.44-1.95%
  • UniswapUniswap(UNI)$8.98-3.85%
  • FTXFTX(FTT)$30.43-5.25%
  • CronosCronos(CRO)$0.152164-0.88%
  • cosmosCosmos Hub(ATOM)$11.73-2.34%
  • stellarStellar(XLM)$0.124840-1.48%
  • FlowFlow(FLOW)$2.92-5.29%
  • moneroMonero(XMR)$162.70-1.52%
  • bitcoin-cashBitcoin Cash(BCH)$140.13-4.24%
  • algorandAlgorand(ALGO)$0.360705-1.49%
  • vechainVeChain(VET)$0.033000-0.24%
  • filecoinFilecoin(FIL)$8.640.87%
  • ApeCoinApeCoin(APE)$6.85-1.40%
  • Internet ComputerInternet Computer(ICP)$8.17-2.47%
  • decentralandDecentraland(MANA)$1.05-2.05%
  • ChainChain(XCN)$0.087222-1.07%
  • HederaHedera(HBAR)$0.081109-0.19%
  • tezosTezos(XTZ)$1.90-1.49%
  • The SandboxThe Sandbox(SAND)$1.31-2.18%
  • QuantQuant(QNT)$124.12-2.39%
  • Axie InfinityAxie Infinity(AXS)$18.29-2.53%
  • theta-tokenTheta Network(THETA)$1.59-1.12%
  • AaveAave(AAVE)$110.701.90%
  • ElrondElrond(EGLD)$64.53-4.28%
  • FraxFrax(FRAX)$1.00-0.16%
  • Lido DAOLido DAO(LDO)$2.56-6.65%
  • eosEOS(EOS)$1.29-1.90%