Ripple holds as Bitcoin jumps above $10,000 again

Economies.com
2019-07-31 21:27PM UTC

The performance of cryptocurrencies was mixed during today as markets followed the decision of the US Federal Reserve and focused on the US stock markets.

 

The US central bank today decided to cut its benchmark rate by a quarter of a point to 2.25% from 2.50%, a decision the markets expected, as the bank hinted that it could be reduced again before the end of the year, but its chairman, "Jerome Powell" warned that the Federal Reserve is not in a hurry to ease its monetary policy.

 

The decision impacted the performance of markets and currencies, especially the dollar, which rose by 0.3% to 98.3 points, and put pressure on other assets such as cryptocurrencies and stocks.

 

In terms of trading, at 21:24 GMT, Ripple stabilized at $0.32, which is the highest price today and also the lowest.

 

Bitcoin rose 4.7% to $10,039, with high a of $10,134 and a low of $9,654.

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