Bitcoin, Ethereum, Dogecoin Rise: Analyst Says Some Altcoins Showing Strength, DeFi Waking Up Ahead Of New Week

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Bitcoin, Ethereum, Dogecoin Rise: Analyst Says Some Altcoins Showing Strength, DeFi Waking Up Ahead Of New Week

Benzinga2022-12-05

ZINGER KEY POINTSInvestor confidence remains largely unchanged going into fresh trading week.Fantom, Avalanche, and Polkadot are some altcoins that are on the move up, says trader.Cryptoquant analyst ...

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heyuok
·2022-12-05
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toffee
·2022-12-05
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Sulochana
·2022-12-05
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patrickLai
·2022-12-05
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Futures markets being introduced, institutional interest rising etc. So naturally, Bitcoin has become more connected to the traditional financial markets and is not only driven by retail investing anymore.”Wüstenfeld said that with the latest price moves multiple parties have “declared Bitcoin dead” again but given the monetary conditions it is pertinent to ask if the “federal funds rate will continue to rise indefinitely or that, ultimately, it has to come down? There you have your answer.”The last Federal Open Market Committee(FOMC) meeting for the year is scheduled for next week. 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