A number of well-liked cryptocurrencies rose this morning, as traders look forward to the discharge of the newest assembly minutes from the Federal Reserve.
Since late afternoon yesterday, the worth of the world’s second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded about 3.3% greater as of 11:11 a.m. ET immediately. The worth of the meme token Dogecoin (CRYPTO: DOGE) traded about 2.8% greater, and shares of Cardano (CRYPTO: ADA) had been up 6.5%.
Traders are nonetheless looking for path within the early days of 2023, with nonetheless fairly a little bit of debate happening about how the economic system will fare this 12 months and the way a lot the Federal Reserve will proceed to boost its benchmark in a single day lending fee, the federal funds fee.