Crypto markets remain flat amid ongoing interest rate speculation

Published by
City AM

By Darren Parkin The price of Bitcoin continues to hold above $21k this morning, roughly flat over the past 24 hours at around $21,180. The largest cryptocurrency by market capitalisation is down more than 11 per cent over the past seven days. The drop follows the release of minutes from July’s Federal Open Market Committee (FOMC) meeting, which appeared to indicate the bank would continue to hike interest rates to quash inflation and spooking investors. Other major cryptocurrencies also continue to trade sideways in line with Bitcoin. The price of Ethereum is up 0.77 per cent to $1,588 at tim…

Read More