Bitcoin and ether were seen as global trading in the green on Wednesday night cryptocurrency The market cap remained largely unchanged at $921.5 billion as of 9:16 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.4% | -5.7% | $19,149.87 |
| ether ETH/USD | 1% | -5.5% | $1,297.55 |
| Dogecoins DOGE/USD | -0.8% | -7.8% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Huobi Token (HT) | +25.1% | $7.41 |
| Terra (LUNA) | +13.1% | $2.77 |
| hedera (HBAR) | +4.7% | $0.06 |
See also: Best Crypto Debit Cards
Why it matters: The two largest coins were seen higher even as the US dollar was intraday on Wednesday night federal reserve Log for September indicated this Interest rates could stay higher for longer.
Many of the Federal Committee of the Free Market Participants pointed out that once policy rates reach sufficiently restrictive levels, “it would be appropriate to maintain those levels for some time pending convincing evidence that inflation is on track to return to the 2% target “.
Meanwhile, US producer prices rose more than expected in September, with the producer price index (PPI) rising 0.4% in September, the Bureau of Labor Statistics. Economists had expected an increase of 0.2%.
Wednesday’s PPI data comes just a day ahead of the main CPI data. The PPI measures wholesale inflation while the CPI is a barometer of consumer prices.
US stock futures traded marginally higher as investors await the CPI figure along with weekly jobless claims data, also due on Thursday.
Michael van de Poppe said there is “massive volatility” in the PPI number, while tomorrow “volatility will be higher.”
Massive volatility at this number of PPI.
At least inflation not acceleration.
But tomorrow, during the CPI, volatility will be higher. Tonight during the FOMC minutes as…
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