This week we remember for another meeting on the Fed rate and its rise by 0.75 to 3.25%. At the time of the news release, there was a strong volatility in the instruments on the market, but as a result, the prices for the main instruments remain in the previously formed range.

BTC

In anticipation of the Fed rate news, Bitcoin was down by over 4% from $19,688 to $18,732. Following the release of the Fed rate news, BTC posted a sharp decline of over 9% to 3-month lows from $19,668 to $18,130. Subsequently, the price recovered by more than 7% to the price mark of $19,532. The coin currently is trading at the price level of $18,878.

XRP

During the week, the coin shows a confident upward movement of more than 73%. Growing trading volumes indicate the presence of large market players. The coin rose from $0.3224 to $0.5593. The coin is currently trading at the price level of $0.4975.

XLM

The coin shows a steady growth during the week from the price mark of $0.1013 to $0.1329, which is more than 30%. Along with the price, trading volumes are growing, which indicates the interest of large market players in the asset.

ALGO

Algo, the coin of the Algorand project, has also been of interest for large market players during the week. The coin rose from $0.2894 to $0.4069, which is more than 40%. The coin is currently trading at the price level of $0.3663. 

CRO

After a long decline of more than 37% and a repeated retest of the minimum 3 monthly values ​​at the price level of $0.0995, the CRO coin shows a growth of 24% to the price point of $0.1236, which is accompanied by increased volumes. The coin is currently trading at the price level of $0.1173.

The content of this post should not be construed as an investment advice. We ask you to do your own research. This text is not a guide to action.