1.Is Ethereum a good investment?
Ethereum price has dropped by more than 63% in 2022 as demand for the coin evaporated. The coin, which was trading at near $5,000 in November 2021, the coin fell to a low of $885 in June of this year. ETH was trading at $1,330, which was about 35% from the highest level in September, giving it a market cap of more than $162 billion.
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2.Post-Merge Profit-Taking Cuts 13% Off Ethereum Ratio Against BTC
We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% uptime as optimistically predicted. Economically, the asset has been bleeding for the whole post-merge season. As a result, Ethereum lost ground against bitcoin, and bitcoin dominance is back up.
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3.Fed Rate Hike: Cryptos Hammered As Central Bank Pumps Interest Rates By 0.75 Points
The much-anticipated Fed rate hike is now out and, as expected, dealt a heavy blow to the broader crypto market on Wednesday.
The U.S. Federal Reserve increased its policy interest rate by three-quarters of a percentage point, extending it to a range of 3 to 3.25 percent.
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4.XRP Price Shoots 30% Crossing Major Resistance, Will Ripple Win the SEC Case?
Ripple’s native cryptocurrency XRP is on a roll over the last week defying the broader market momentum and making big gains. As of press time, XRP is trading 30% in the last 24 hours breaking past the crucial resistance of $0.50.
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5.Whale trade 263000 BTC, ETH selling pressure remained high
Although BTC is very close to a further decline and a new low, the competition for key points is fierce, and BTC still shows a cross star rebound on the daily K line chart. In terms of trading volume, the trading volume in the daily K line chart rebounded again. The trading volume of BTC in the past two weeks was very strong, and there was an opportunity for repeated price shocks above $18000.
