XRP Explodes as Bitcoin Awaits FOMC Resolution on US Rates and Holds Flat. Other altcoins gain strength, learn more in today’s morning summary (22).
Some altcoins strengthen
As we showed in yesterday’s morning summary, XRP showed bullish signs with the creation of 50 whales that bought over 420 million of the coin. The build-up resulted in XRP rising significantly, which is now up 15%.
ADA (9.58%) also stands out this morning with great activity in the NFT market, following the release of a collection by rap legend Snoop Dogg.
Stellar $XLM, on the other hand, has gains of 8% on the dollar pair, being created by the same XRP developers. The project has been approaching several central banks to help them create their own currencies.
Bitcoin waiting for the FOMC
In a few hours, the FOMC (Federal Open Market Committee) will decide whether to maintain, lower or raise interest rates in the United States.
Markets expect the decision to be a pivotal point in Bitcoin’s possibility of skyrocketing to $30k or falling below $28k.
In Brazil, the SELIC is expected to remain at the same level (13.75%) in a COPOM decision also made today (22).
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