Bitcoin demands $ 28,000 back for increased volatility, Litecoin increases by 15 % weekly (Market Watch)

Bitcoin demands $ 28,000 back for increased volatility, Litecoin increases by 15 % weekly (Market Watch)

The price of Bitcoin has driven in the last few days after the recent interest increase in the Fed roller coaster, but has so far calmed down by about $ 28,000.

Most old coins have recorded some smaller losses on a daily basis, while Litecoin continues to record impressive profits.

BTC again over $ 28,000

After Bitcoin rose by over $ 8,000 within a week in the middle of the global banking crisis, Bitcoin had calmed down by around $ 28,000 in the early this week and stayed there for a few days in a row. Nevertheless, the asset should go through a few more volatile trading times and days in the middle of the week when the US Federal Reserve should announce changes in its interest policy.

While expectations were different, the state's central bank actually increased the key interest rates by 25 basis points on Wednesday, which led to further price fluctuations for BTC. The asset reacted with an immediate drop in price from $ 2,000 to less than $ 27,000 before shooting up a giant again.

The last 24 hours brought more profits when Bitcoin increased to just under $ 29,000. Although it was rejected there, the cryptocurrency still has some minor daily profits and is traded over $ 28,000.

Its market capitalization has returned to over $ 540 billion, while its dominance over the olds is over 46 %.

Btcusd. Tradingview

litecoin continues to increase

The more massive fluctuations have also been passed through the more volatile old coins in the past few days. Now most of the landscape is slightly in red.

Binance Coin, Dogecoin, Matic, Solana, Polkadot and Shiba Inu have suffered all insignificant losses. Cardano and Ripple dropped by over 3% in one day. However, XRP is one of the best performers of the last seven days and increased by over 16 %.

litecoin is also a remarkable winner with a plus of 15 % on a weekly perspective. The last 24 hours alone brought an increase of 5 % for LTC.

Toncoin, LDO, Uni, XLM and Algo are all deep in the minus, with losses of up to 6 % in one day.

The entire crypto market capitalization has remained relatively quiet and is still over $ 1.150 trillion.

Overview of the cryptocurrency market. Quantify crypto