Ethereum tumbles 3% as risk appetite wobbles
Economies.com
2024-04-17 21:21PM UTC
Most cryptocurrencies declined on Wednesday as risk appetite took a hit following remarks by Fed Cair Jerome Powell.
Fed Chair Jerome Powell said in a symposium earlier this week that inflation has stiffened and held its place during the first quarter, raising doubts about the prospects of interest rate cuts in 2024.
Powell added that it’s clear that recent inflation data didn’t give the Fed enough confidence that inflation is heading towards the target, and it could take longer than expected.
He said recent data showed strong economic growth and labor momentum, but little progress in bringing inflation towards 2%.
Ethereum
Ethereum fell 2.8% as of 21:18 GMT on the CoinMarketCap platform to $3009.
Cryptocurrency News
Cryptocurrency
Bitcoin on track for largest monthly loss since November 2022
2024-04-30 12:31PM UTC
Bitcoin fell on Tuesday to two-week lows on risk-aversion, especially after Bitcoin exchange funds ...
Cryptocurrency
Ethereum tumbles over 5% amid mixed risk appetite
2024-04-29 18:56PM UTC
Most cryptocurrencies fell on Monday amid mixed demand on high-risk assets ahead of the Federal ...
Cryptocurrency
Bitcoin moves in a negative zone amid a sudden drop in exchange funds investments
2024-04-25 12:11PM UTC
Bitcoin fell on Thursday, extending losses for the third straight session and moving away from ...
Cryptocurrency Technical Analysis
Cryptocurrency
End of day Ethereum price (ETHUSD) forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Ethereum price (ETHUSD) traded with clear negativity to reach the thresholds of the waited target ...
Cryptocurrency
End of day Bitcoin price (BTCUSD) forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Bitcoin price (BTCUSD) succeeded to achieve our waited target at 60252.85$ and attempts to break ...
Cryptocurrency
Ethereum price (ETHUSD) forecast update - 30-04-2024
2024-04-30 09:24AM UTC
Ethereum Price (ETHUSD) Analysis Expected Scenario Ethereum price (ETHUSD) fluctuates ...