Bitcoin price: how much is it trading today Wednesday June 14
Ethereum price: how much is it trading today Wednesday June 14
The cryptocurrencies are trading mixed this Wednesday morning, waiting for the Federal Reserve of the United States (USA) to define What are you going to do with interest rates?
As it transpired, the inflation The year-on-year rate of the world’s largest economy fell for the eleventh consecutive month and ranked in the 4% in May. In the market, this data raises hopes for a stop rate hikes; something that would lower the opportunity cost against lower risk assets and thus favor tokens.
Despite the optimism regarding the upcoming monetary policy, the regulatory pressures against the most famous exchanges in the ecosystem do not cease and, in response, Bitcoin (BTC) and Ethereum (ETH) mark the decline. Below, all the details.
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Bitcoin price: how much is it trading today Wednesday June 14
Source: Coingecko.
This morning, the world’s largest cryptocurrency Bitcoin (BTC) slid from its $26,000 mark to settle around $25,970.
In this way, the BTC price fell by 0.9% in 24 hours, while its market capitalization did so by 1%, according to data from the site specialized in cryptoactives coinmarketcap.
Despite this setback in the price, the market dominance of this token peaked at 2 years (47.6%); indicating that investors appear to be moving their holdings after the US Securities and Exchange Commission (SEC) noted that at least 12 cryptocurrencies are considered securities.
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Ethereum price: how much is it trading today Wednesday June 14
Ethereum (ETH)for its part, also shows price cuts and currently operates at $1,745. Thus, the second most relevant cryptocurrency in the market fell by 0.5% in the last 24 hours.
This decline in the value of ETH deepens if a longer period of time is taken into consideration. For example, as for the last 7 days, the cryptocurrency accumulates a drop of 6%.
