Bitcoin
BTCUSD,
-0.55%
was mostly flat from seven days ago, logging a 0.2% loss. The cryptocurrency, which is down about 30% from its all-time high of $68,990 in November, has been under selling pressure for the past few weeks, as investors expected that the Federal Reserve would speed up its bond purchases and possibly raise interest rates thrice in 2022. However, after the Fed decision on Wednesday, bitcoin spiked. Crypto in a snap
Dogecoin
DOGEUSD,
-0.73%
has traded 3.4% higher over the past seven days, while another dog-themed meme coin Shiba Inu
SHIBUSD,
-0.48
lost 4.4% over the past seven days.
Ether
ETHUSD,
-0.51%
has recorded a 5.9% loss over the past seven days, recently trading at around $4,028. It was down more than 15% from its all-time high of around $4,866, according to CoinDesk data.
Crypto Metrics
Biggest Gainers
Price
% 7-day return
OKB
25.1%
$32
Avalanche
$107.1
21%
Quant
$189.5
19.9%
$0.095
XDC Network
Kadena
19.4%
News Highlights Business
- Bitcoin is so 2021. Here’s why some institutions are willing to sidestep n crypto. 1 and invest in Ethereum and other blockchains next year.
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