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Bitcoin has risen in price by 20% in a week, Ethereum – by almost 50%. The crypto market is trying to grow, but the Fed can prevent this

This week, the crypto market is on a roll: just yesterday, its capitalization grew by $60 billion to $1.06 trillion. Everything grows, but in different ways.

In a day in the top 10 main cryptocurrencies of the world, Cardano has the largest increase – almost 10%. Bitcoin and Dogecoin follow, both adding about 6.5%. Bitcoin has a weekly growth of 20%, Dogecoin has a 17% increase. But Ethereum added the most in a week – almost 50%! And on Monday we explained why it happened.

Bitcoin has risen in price by 20% in a week, Ethereum – by almost 50%. The crypto market is trying to grow, but the Fed can prevent this

But how long will the rally last? Already next week, on July 26-27, the FRS meeting will take place, at which, as predicted, a decision will be made to increase the main rate by 75 basis points. This threatens a decline in the stock market, with which the cryptocurrency market is fully correlated. In other words, the rates of cryptocurrencies after the Fed meeting may decrease, thereby leveling the growth of recent days.

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Two Wheeler

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