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.

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Author: Max Rothstein

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