Cryptocurrency Weekly Summary – Ethereum (ETH/USD)
During the Asian trading session on Friday, the price of Ethereum remained very low. The daily trend has been consistent, consistent and selling off with no signs of recovery in sight. Ethereum retreated after the US Federal Reserve revealed the minutes of its December meeting, indicating that it plans to raise interest rates faster in 2022. According to the meeting minutes, the Federal Open Market Committee (FOMC) supports raising short-term interest rates “sooner or at a faster pace.” What the participants expected previously,” according to the minutes.
According to CME Group, trading in the interest rate futures market revealed a two-thirds chance of a first hike in March. Following the release of the minutes, ether dropped more than 13.50% and reached a low of $3,200, coinciding with similar downtrends in the cryptocurrency market, with the price of Bitcoin (BTC) dropping more than 9% to nearly $42,100.
Cryptocurrency Weekly Summary – Litecoin (LTC/USD)
Cryptocurrency Weekly Summary – Ripple (XRP/USD)
Cryptocurrency Weekly Summary – DOGECOIN (DOGE / USD)
DOGE/USD has been flashing red since the beginning of the day. Although AMC Theaters has confirmed the acceptance of Dogecoin and Shiba Inu Payments, the bearish Dogecoin price movement is gaining momentum. AMC, the world’s largest movie theater chain, is preparing to accept cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) soon. AMC Theaters CEO Adam Aaron made the announcement and updated his company’s decision to accept these meme coins. AMC Theaters, also known as AMC Entertainment Holdings, is the largest film organization in the United States, Europe, and the rest of the world. Companies around the world have about 950 theaters and 10,500 screens.
The current price of Dogecoin is $0.154079, with a trading volume of $785,506,252 in the last 24 hours. Dogecoin has lost 2.13% of its value in the past 24 hours. With a live market capitalization of $20.441,748,448, the current market position is number 12. It has a circulating supply of 132,670,764,300 DOGE coins with no maximum supply.