Crypto News | Ethereum price rising

We’ll begin our today’s news review with the current condition of ethereum, one of the most important cryptocurrencies on the market right now. As we can see by the latest data, ethereum price rising is a process that has been continuously developing for quite some time now, and the cryptocurrency has gone over $752. This is the first time it has gone over that limit, and in the past 24 hours alone the currency went up by one fifth, which is quite amazing. As for the volatility, ethereum’s daily trading volume is close to $5 billion, which is four times bigger than bitcoin cash (the third largest cryptocurrency). There are several reasons for ethereum price rising. First of all, ethereum remains the only public blockchain network that can compete against bitcoin. 

Besides ethereum and bitcoin, there’s another cryptocurrency we’d like to emphasize in our crypto news. Ripple (or XRP) reached its record of 51.37 cents on Wednesday. Ripple is now at fourth place by cryptocurrency market capitalization (it’s at $18.23 billion). As for the bitcoin, its price is now at $17.152, and its market value is about $287 billion.

Besides crypto news, in today’s review we bring you the news on the situation in the USA. The dollar stayed the same against a basket of six major currencies – it’s at 93.425 .DXY. The Federal Reserve continues to show optimism about the U.S. economy – they raised short-term interest rates for the third time this year. According to the Fed, the U.S. economy is doing quite well, as well as the global economy. There are several good indicators: there are some news fiscal stimulus in the form of tax cuts, there’s solid hiring and lofty asset levels. On the other hand, the wage growth is quite modest and there’s low inflation. We advise you to keep your eye on the Fed’s next move.

JOIN THE LATEST TRADING CRAZE
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.