pornaki-THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K
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The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.
The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction.Crypto market data daily view. Source: Coin360BTC/USDT daily chart. Source: TradingViewBTC/USDT 4-hour chart. Source: TradingViewLDO/USDT daily chart. Source: TradingViewLDO/USDT 4-hour chart. Source: TradingViewEGLD/USDT daily chart. Source: TradingViewEGLD/USDT 4-hour chart. Source: TradingViewTHETA/USDT daily chart. Source: TradingViewTHETA/USDT 4-hour chart. Source: TradingViewKLAY/USDT daily chart. Source: TradingViewKLAY/USDT 4-hour chart. Source: TradingView
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