{"id":30080,"date":"2022-06-16T06:40:27","date_gmt":"2022-06-16T10:40:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=30080"},"modified":"2022-06-16T06:40:37","modified_gmt":"2022-06-16T10:40:37","slug":"crypto-markets-rally-amid-75-basis-point-hike-by-u-s-federal-reserve","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-markets-rally-amid-75-basis-point-hike-by-u-s-federal-reserve\/","title":{"rendered":"Crypto Markets Stage Rally Amid 75 Basis Point Hike\u00a0By U.S. Federal Reserve"},"content":{"rendered":"\n

Crypto markets<\/a> staged a mini-rally in the past hours as the U.S. Federal Reserve released the 75 Basis Point Hike<\/p>\n\n\n\n

\"Crypto
Crypto Markets Stage Rally Amid 75 Basis Point Hike\u00a0By U.S. Federal Reserve<\/figcaption><\/figure>\n\n\n\n

Crypto Markets: Ethereum, Bitcoin Stage Rally<\/h2>\n\n\n\n

The news of a 75 basis point rise by the US Federal Reserve<\/a> has boosted cryptocurrency prices. With inflation in the United States surging above 8.6% in May 2022, the Federal Reserve raised interest rates for the first time in 28 years yesterday.<\/p>\n\n\n\n

Bitcoin (BTC), the most valuable cryptocurrency by market capitalization, has gained 5.7 percent in the last 24 hours and is now hovering at $21,400, according to CoinMarketCap data. <\/p>\n\n\n\n

\"Crypto<\/figure>\n\n\n\n

The second-largest cryptocurrency, Ethereum (ETH), has gained 10.9 percent in the previous 24 hours and is now trading for over $1,140.<\/p>\n\n\n\n

\"Crypto<\/figure>\n\n\n\n

According to CoinMarketCap, the worldwide cryptocurrency market capitalization has increased by 6.76 percent to $921.5 billion in the last 24 hours.<\/p>\n\n\n\n

Apart from Bitcoin and Ethereum, Solana (18.12 percent) and Polkadot (11.50 percent) have gained double digits in the last 24 hours.<\/p>\n\n\n\n

Mini Increase Not Enough<\/h2>\n\n\n\n

However, those increases have not been enough to compensate for losses caused by the latest crypto meltdown, with Bitcoin down 30% this week and Ethereum down 37%. <\/p>\n\n\n\n

Bitcoin has lost nearly 68 percent of its value since reaching an all-time high of $69,000 in November 2021, while Ethereum has lost 76 percent of its value after reaching an all-time high of $4,891 in the same month.<\/p>\n\n\n\n

According to CoinGlass data, nearly $406 million has been liquidated in the crypto market in the last 24 hours.<\/p>\n\n\n\n

At $160 million, Ethereum had the most liquidations<\/a>, followed by Bitcoin ($131 million) and Solana ($8.8 million) over the same time span.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto markets staged a mini-rally in the past hours as the U.S. Federal Reserve released the 75 Basis Point Hike Crypto Markets: Ethereum, Bitcoin Stage Rally The news of a 75 basis point rise by the US Federal Reserve has boosted cryptocurrency prices. With inflation in the United States surging above 8.6% in May 2022, […]<\/p>\n","protected":false},"author":29,"featured_media":30093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5371,7594,5555],"class_list":["post-30080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-2","tag-crypto-markets-2","tag-ethereum-3"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-129.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/30080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=30080"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/30080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/30093"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=30080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=30080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=30080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}