Analysis Crypto by Thebittimes.Com

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The token powering the largest smart contracts ecosystem is currently trading at $1,738 while bulls battle a seemingly strengthening bearish grip. advertisement With support at $1,700 staying intact coupled with building optimism ahead of the United States Federal Open Market Committee (FOMC) meeting later on Wednesday, Ethereum price could embark on an upward trajectory targeting $1,800 and $2,000 price points, respectively. Can US Fed Rate Decision Trigger Ethereum Price Rally? According to this Analysis of Bitcoin Price, investor confidence received a boost following the release of the CPI report, which revealed a year-on-year inflation deceleration to 4.9% in April, modestly undercutting the predictions made by market watchers interviewed by Dow Jones survey. Later today, the FOMC meeting will decide wh ETH er to pause interest rate hikes, which have been maintained since Q1 2022. There is a higher probability of a pause following earlier communication...

Bitcoin price fell 5% to below $28,500, with the price currently trading at 28,573. In the last 24 hours, BTC price recorded a low and high of $28,468 and $29,820, respectively. advertisement Ethereum prices also plummeted sharply below the $2,000 level. The ETH price fell over 7% in the last 24 hours, with the price currently trading at $1,882. The 24-hour low and high are $1,870 and $2,017, respectively. Ethereum Foundation and Ethereum creator Vitalik Buterin selling over 15,000 ETH is likely the trigger behind the recent crypto market selloff. CoinGape Media reported that the last major selloff of ETH by Ethereum Foundation and Vitalik Buterin in November 2021 caused the ETH price to fall 40% in 2 months. Also Read: Ethereum Foundation and Vitalik Buterin Move 15K ETH; Is An ETH Crash Ahead? Trending Stories Floki Price Analysis : Floki Price May Witness 60% Rally if These Conditions are Met 24/7 Cryptocurrency Ne...

The Dogecoin price crashed 7% in the past 24 hours on news that Twitter is being sued for mass layoffs, and meme coin rival Shiba Inu pumped. The second largest meme cryptocurrency, SHIB is known for something of an inverse correlation to DOGE, or for pumping after money is divested out of Dogecoin. Dogecoin Price Drop After its over 160% pump since late October, some form of pull back was to be expected - Dogecoin is down around 25% from its November 1st high of $0.158. Dogecoin price chart - 4 hour timeframe The breaking news in Bloomberg of a Twitter lawsuit could lead to a further Dogecoin crash. The class action lawsuit centres around Elon Musk's plan to lay off half the workforce, approximately 3,700 employees. Workers claim Twitter Inc. is doing that without sufficient notice and therefore in violation of federal and California law. SHIB / DOGE price chart via Binance - 4 hour timeframe With how closely traders watch the ratio between Shiba Inu and Dogeco...