This morning, gold prices turned to rise again after the Fed raised interest rates and launched a plan to control inflation. Gold is forecasted to continue to rise amid increasing political tensions.
World gold price on the Kitco floor traded at 1942 USD/ounce, up 13 USD/ounce compared to the early hours of the morning. Gold prices in the world today reversed up after the US Federal Reserve (FED) raised interest rates for the first time since 2018 and outlined a plan to control inflation, while pointing to the great uncertainty that the economy is facing which are the crisis in Ukraine and COVID-19. Many forecasts predict that the conflict in Ukraine will be difficult to fully resolve in 2022. Gold will benefit from geo-politics uncertainty.
Bitcoin price traded at 40,963 USD, down 61 USD. Statistics show that in the last 24 hours, the top virtual currency traded as low as $40,549 and highest at $41,438. According to CoinMarketCap, Bitcoin trading volume during this period was around $22.4 billion, with a market cap at $777 billion.
Bitcoin declines but the market is still going up as most large-cap cryptocurrencies keep their bullish momentum. Specifically, Ethereum up 2%, Binance Coin up 1.16%, Solana up 2.8%, Cardano up 1.65, Avalanche up 7.8%, Dogecoin up 0.2%...Total market cap recorded at $ 1.830 billion, up 0.89%.
Bitcoin price traded at 40,963 USD, down 61 USD. Statistics show that in the last 24 hours, the top virtual currency traded as low as $40,549 and highest at $41,438. According to CoinMarketCap, Bitcoin trading volume during this period was around $22.4 billion, with a market cap at $777 billion.
Bitcoin declines but the market is still going up as most large-cap cryptocurrencies keep their bullish momentum. Specifically, Ethereum up 2%, Binance Coin up 1.16%, Solana up 2.8%, Cardano up 1.65, Avalanche up 7.8%, Dogecoin up 0.2%...Total market cap recorded at $ 1.830 billion, up 0.89%.
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