Major cryptocurrency surged on Thursday evening, despite hawkish comments from Minneapolis Fed President Neel Kashkari.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
+3.39%
$67,836
Ethereum (CRYPTO: ETH)
+0.57%
$3,298
Dogecoin (CRYPTO: DOGE)
+1.42%
$0.17
What Happened: Bitcoin, which dropped to as low as $65,000 overnight, surged during much of the U.S. day, reaching a high point of over $69,000 at one stage.
“If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all,” said Kashkari during a virtual event on LinkedIn.
Given that Kashkari has been one of the more hawkish members of the Fed, his comments shouldn’t have come as a complete surprise, but they prompted a swift downturn in stocks. Furthermore, his remarks contradicted statements from Fed Chairman Jerome Powell, who expressed his ongoing anticipation of rate cuts at some point this year.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Pendle (CRYPTO: PENDLE)
+26.85%
$6.25
Bitcoin Cash (CRYPTO: BCH)
+13.77%
$694
eCash (CRYPTO: XEC)
+10.89%
$0.0000688
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 2.28% increase in …
Full story available on Benzinga.com
Major cryptocurrency surged on Thursday evening, despite hawkish comments from Minneapolis Fed President Neel Kashkari.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
+3.39%
$67,836
Ethereum (CRYPTO: ETH)
+0.57%
$3,298
Dogecoin (CRYPTO: DOGE)
+1.42%
$0.17
What Happened: Bitcoin, which dropped to as low as $65,000 overnight, surged during much of the U.S. day, reaching a high point of over $69,000 at one stage.
“If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all,” said Kashkari during a virtual event on LinkedIn.
Given that Kashkari has been one of the more hawkish members of the Fed, his comments shouldn’t have come as a complete surprise, but they prompted a swift downturn in stocks. Furthermore, his remarks contradicted statements from Fed Chairman Jerome Powell, who expressed his ongoing anticipation of rate cuts at some point this year.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Pendle (CRYPTO: PENDLE)
+26.85%
$6.25
Bitcoin Cash (CRYPTO: BCH)
+13.77%
$694
eCash (CRYPTO: XEC)
+10.89%
$0.0000688
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 2.28% increase in …
Full story available on Benzinga.com
Major cryptocurrency surged on Thursday evening, despite hawkish comments from Minneapolis Fed President Neel Kashkari.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
+3.39%
$67,836
Ethereum (CRYPTO: ETH)
+0.57%
$3,298
Dogecoin (CRYPTO: DOGE)
+1.42%
$0.17
What Happened: Bitcoin, which dropped to as low as $65,000 overnight, surged during much of the U.S. day, reaching a high point of over $69,000 at one stage.
“If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all,” said Kashkari during a virtual event on LinkedIn.
Given that Kashkari has been one of the more hawkish members of the Fed, his comments shouldn’t have come as a complete surprise, but they prompted a swift downturn in stocks. Furthermore, his remarks contradicted statements from Fed Chairman Jerome Powell, who expressed his ongoing anticipation of rate cuts at some point this year.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Pendle (CRYPTO: PENDLE)
+26.85%
$6.25
Bitcoin Cash (CRYPTO: BCH)
+13.77%
$694
eCash (CRYPTO: XEC)
+10.89%
$0.0000688
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 2.28% increase in …Full story available on Benzinga.com Read More$BCH, $BTC, $DOGE, $ETH, $PENDLE, $XEC, BCH, Bitcoin, Cryptocurrency, dogecoin, Ethereum, News, Top Stories, Markets, Movers, BCH, US0595201064, $ETH, $BCH, $BTC, $DOGE, $XEC, $PENDLE, News, Cryptocurrency, Top Stories, Markets, Movers, Benzinga Markets
