Bitcoin Rises While Ethereum and XRP Stay Flat
Bitcoin increased together with the S&P 500 on Wednesday, even though the Federal Reserve's minutes showed inflation concerns.
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Bitcoin and the stock market showed good results on Wednesday, despite inflation worries from the Federal Reserve meeting. Bitcoin recovered from Tuesday's drop and reached $124,167, then settled around $122,000. The crypto market was worth $4.20 trillion.
Some cryptocurrencies gained a lot, like ChainOperaAI (up 79.90%) and Zcash (up 37.83%). The S&P 500 went up 0.58% and the Nasdaq rose 1.12%. The Federal Reserve is concerned about inflation and thinks it will return to normal only by 2027.
Analysts have different opinions about Bitcoin's future. Ethereum traded around $4,500 with less trading activity.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/10/48116303/bitcoin-dogecoin-gain-while-ethereum-xrp-move-sideways-analyst-says-btcs-top-still-not-on-t