• Login
Strong Article
  • Business
  • Finance
  • Investing
  • World
  • Technology
  • Politics
  • Health
  • Submit Article
No Result
View All Result
SUBSCRIBE
Strong Article
  • Business
  • Finance
  • Investing
  • World
  • Technology
  • Politics
  • Health
  • Submit Article
No Result
View All Result
Strong Article
No Result
View All Result
Home Business

Why Bitcoin, Ethereum, and Dogecoin Are Continuing to Rise Today – The Motley Fool

Muhammad Mubeen by Muhammad Mubeen
2 years ago
in Business, Small Business
0
Why Bitcoin, Ethereum, and Dogecoin Are Continuing to Rise Today – The Motley Fool
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Returns as of 03/18/2022
Returns as of 03/18/2022
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Today’s been another solid day in the world of cryptocurrencies. The overall crypto market has ticked nearly 2% higher over the past 24 hours, as of 12:30 p.m. ET. This move has been led by Bitcoin ( BTC -0.84% ), Ethereum ( ETH -0.66% ), and Dogecoin ( DOGE -1.22% ), which have appreciated 1.5%, 4.3%, and 2%, respectively, over this same time frame.
Broadly speaking, it appears investors are looking fondly upon the commentary presented by the Federal Reserve following its decision to hike rates for the first time since 2018 yesterday. It appears much of the bearish sentiment that preceded this announcement has transformed into the idea that perhaps these hikes are now priced into the market. From a macro perspective, this is a good thing.
Image source: Getty Images.
For Bitcoin specifically, a weakening U.S. dollar and growing risk-on appetite in other asset classes such as equities continue to be key drivers of interest in the world’s top digital currency. Ethereum investors are looking positively upon news that the Kiln testnet has been launched. This is perhaps the final pivotal update needed before the Etheruem network can be fully transitioned to a proof-of-stake validation mechanism. And Dogecoin, like usual, appears to be tracking its mega-cap cryptocurrency peers today.
Overall, the crypto market appears to be in what I would call a consolidation phase right now. Investors seem to be holding steady with their positions, as crypto holders attempt to determine how to navigate this higher interest rate environment. Various macro factors are likely to impact the price of Bitcoin perhaps more than its peers, given Bitcoin’s perception as a gauge of investor demand in the alternative crypto asset class. 
Ethereum’s testnet launch is certainly another big deal investors are watching right now. How this testnet performs will be a key factor that will determine how quickly Ethereum will be able to merge this testnet with its mainnet, to become a proof-of-stake token once and for all. This shift toward a proof-of-stake validation mechanism isn’t only better for the environment, but many experts believe will lead to lower costs and faster speeds for end users.
The price fluctuations we’ve seen of late in the crypto world appear to be mainly a function of investor sentiment and macro market dynamics. This year, there have been plenty of macro catalysts and headwinds that have driven significant volatility in this sector.
That said, it’s important to consider the token-specific catalysts that are at play with a number of these tokens. For Ethereum in particular, the next few months are likely to be pivotal for this cryptocurrency. 

You might also like

Miradone: Does it Really Work? Should You Give it a Try?

Blooket Play – Join, Play Blooket Games for Classroom

ShowtimeAnytime.com/activate – How to Activate Showtime Anytime?

Miradone: Does it Really Work? Should You Give it a Try?
Trending
Miradone: Does it Really Work? Should You Give it a Try?

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Market-beating stocks from our award-winning service.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 03/18/2022.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns as of January 1, 2021.
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool’s premium services.

Making the world smarter, happier, and richer.

Market data powered by Xignite.

source

Share30Tweet19
Muhammad Mubeen

Muhammad Mubeen

Recommended For You

Miradone: Does it Really Work? Should You Give it a Try?

by Muhammad Mubeen
October 1, 2023
0
miradore

In the world of wellness and alternative medicine, people are constantly seeking natural remedies to improve their health and well-being. One such product that has gained considerable attention...

Read more

Blooket Play – Join, Play Blooket Games for Classroom

by Muhammad Mubeen
October 1, 2023
0
Blooket

Are you searching for an engaging and interactive platform to enhance the learning experience in your classroom? Look no further! We, at Blooket, are here to revolutionize the...

Read more

ShowtimeAnytime.com/activate – How to Activate Showtime Anytime?

by Muhammad Mubeen
October 1, 2023
0
showtimeanytime

Can it be true that you have been hoping to activate Showtime Anytime genuine fast and simple? Assuming this happens, we've your back. Presumably, Showtime is really a...

Read more

7 Ways to Make Home Relocation Less Stressful

by Muhammad Mubeen
July 19, 2023
0
7 Ways to Make Home Relocation Less Stressful

You may have the excitement of moving. You are going to be part of your dream home or job. You can stay nearer to your family and friends....

Read more

Most Experienced Writing Service

by Muhammad Mubeen
July 17, 2023
0
Writing

In today's fast-paced digital world, where content is king, the need for high-quality writing services has skyrocketed. Whether you're a business owner, a student, or an individual looking...

Read more
Next Post
Google Pixel 6 Pro | Order Now on Verizon – Verizon

Google Pixel 6 Pro | Order Now on Verizon - Verizon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

What If Netflix Raised Its Prices and Nobody Cared? – Vulture

What If Netflix Raised Its Prices and Nobody Cared? – Vulture

March 21, 2022
Russia-Ukraine live news: UN seeking ‘humanitarian ceasefire’ – Al Jazeera English

Russia-Ukraine live news: UN seeking ‘humanitarian ceasefire’ – Al Jazeera English

April 1, 2022
Breaking Down Purdue Basketball's 2022 Recruiting Class – Sports Illustrated

Breaking Down Purdue Basketball's 2022 Recruiting Class – Sports Illustrated

April 17, 2022

Browse by Category

Ads Blog | Blog Roll

Slot Online
News Week
B2B Guru Class
Target Crypto
The Kontent
Hufforbes
Strong Article
ADVERTISEMENT
October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jul    
ADVERTISEMENT
Strong Article

Strong Article is an ultimate website news portal covering most happening news across the World, business, technology, entertainment, and inventions. This platform is revealing things in an engaging way to improve your knowledge on what is going on across the globe.

Contact us: mubeenh782(@)gmail(dot)com
Telegram:Qualitybacklinks
Whatsapp:+923111339715


CATEGORIES

  • Brand
  • Business
  • Celebrated
  • Crypto
  • Education
  • Electricity
  • Entertainment
  • Features
  • Finance
  • Foods
  • Gambling
  • Health
  • Home
  • Investing
  • Life style
  • Markets
  • News
  • Opinion
  • Pet
  • Politics
  • Real Estate
  • Relationships
  • Small Business
  • Sports
  • Technology
  • Travel
  • World

RECENT POSTS

  • Miradone: Does it Really Work? Should You Give it a Try?
  • Blooket Play – Join, Play Blooket Games for Classroom
  • History.com/activate – Activate History Channel on Roku, Apple TV & Fire TV
  • ShowtimeAnytime.com/activate – How to Activate Showtime Anytime?
  • 7 Ways to Make Home Relocation Less Stressful

Copyright ©2016. All rights reserved. Strong Article News

No Result
View All Result
  • Business
  • Finance
  • Investing
  • World
  • Technology
  • Politics
  • Health
  • Submit Article

Copyright ©2016. All rights reserved. Strong Article News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?