Crypto prices increased on Wednesday as the Fed's meeting minutes showed a consensus to slow the pace of interest rate increases 'soon.'
Bitcoin was trading at $16,559 on Sunday; ether was down marginally over the past week to $1,214.Markets were muted toward the end of the week, with Wall Street closed on Thursday and open for an abbreviated session on Black Friday.Bitcoin was changing hands at about $16,559 at 8:30 a.m. ET Sunday, representing a decline of about 0.8% over the past week. Ether was doing somewhat better, down just 0.29% in the same period. ETH was trading at roughly $1,214.
Other cryptocurrencies fared somewhat better over the week, according to data from TradingView. Ripple's XRP was up 5.4%, while Tron's TRX rose 3.4% and SHIB tacked on almost 5%.ahead of the Fed's meeting minutes from Nov. 1 and 2 on Wednesday, dipping after the release — which suggested the pace of rate increases is set to slow — before later gaining again.
Coinbase fell almost 10% over the week to trade at about $44.28, according to Nasdaq data via TradingView. Shares in the crypto exchangeCrypto bank Silvergate was up about 0.66% in the same period, trading around $29.14 at the close on Friday. Jack Dorsey's Block was down more than 8% to $63.38. Elsewhere, Michael Saylor's MicroStrategy rose over 3% during the week, to $183.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
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