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Sirwin

WEEKLY PRICE DIGEST: BTC, XRP, XLM, CRO & ALGO

By SimpleLearn | SimpleLearn | 24 Sep 2022


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

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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

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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

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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

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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

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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.

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SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!


SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!

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