Bitcoin is down as a move above $24.1K after the FOMC minutes
Stimulated but not shaken, the crypto market fell slightly on Thursday, rose slightly but remained in the red after the Federal Open Market Committee (FOMC) of the US Central Bank released some minutes on -not good. Bitcoin was recently trading at $24,164, down 1% in the last 24 hours. The largest cryptocurrency by market capitalization fell almost $23,600 immediately after the FOMC report, which said slowing growth – a boon for investors who expect more accommodative monetary policy from the Federal Reserve – but also data that suggest inflation expectations this great recession has continued. Happy money hawks. “Everyone is very cautious about what’s coming this year,” Jake Boyle, head of trading at crypto brokerage Caleb and Brown, told CoinDesk TV. “At the moment, it seems that the situation has become more volatile on the basis that 25 bps has less impact than 50, but it is very important that we all remember that it continues to rise, which means that the solution is not there.”

Boyle added, “Combined with the regulatory uncertainty the crypto space seems to have these days, it would be safe to assume that there will be more volatility at unexpected levels in “to do this year.”

Ether recently traded hands at $1,641, down 1.1% from the same time on Tuesday. Still, CoinDesk analyst Glenn Williams said that BTC and ETH are being exchanged on different fronts, with investors sending bitcoins to the exchange and clearing ether.
The moves showed bearish sentiment for bitcoin and bullish sentiment for ether, a departure from their usual relationship. Separately, on Tuesday, Layer 2 scaling system Arbitrum beat Ethereum in daily transactions, increasing the potential of Arbitrum as the highest Layer 2 level.
The other major cryptos are connected and some are slightly higher but others are slightly in the green, although APT, the token of the Aptos Layer 1 platform, climbed more than 6%. Stocks tumbled amid the same rising and falling recession fears that have plagued markets in recent days with the technology-heavy S&P 500 down 0.2%, its fourth straight daily decline, and the tech-heavy Nasdaq and Dow Jones . The industrial average (DJIA) fell slightly.

Crypto news from bullish to crypto reminders of almost 15 months of sturm and drag. Major investment bank JPMorgan said in a research report that crypto exchange Coinbase is in a good position to deliver notable EBITDA improvements year over year. Crypto lender Voyager Digital and its leaders for misleading cryptocurrency trading.

In an email to CoinDesk, Anthony Georgiades, co-founder of the Pastel Network, a decentralized blockchain for non-fungible tokens, cryptocurrencies, and Web3 technology, wrote optimistically that “the slightly better-than-expected revenue reported by Coinbase may suggest that we have. moved into the final innings of the crypto winter.”

Georgiades is particularly optimistic about the prospects of cryptos in Asia: “There are many explanations that consumers in Asia are starting to return to crypto in increasing numbers. As a result, the power of digital marketing is likely to continue well for the foreseeable future. Even if the Fed remains tight-lipped for the coming months, what’s happening in other parts of the world and monetary easing can be used to undermine what’s happening in the United States.

“Obviously, there has been more interest in the digital property market in recent months, as evidenced by a session that surprised many observers. Part of this has to do with the psychology of the market – everyone is so desperate that the market clearly needs to be great. Coinbase has also been able to increase its overall market share due to the fallout from major crypto markets such as FTX.”

Georgiades is particularly optimistic about the prospects of cryptos in Asia: “There are many explanations that consumers in Asia are starting to return to crypto in increasing numbers. As a result, the power of digital marketing is likely to continue well for the foreseeable future. Even if the Fed remains tight-lipped for the coming months, what’s happening in other parts of the world and monetary easing can be used to undermine what’s happening in the United States.