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News: Crypto Markets Up $8 Billion as Bitcoin and Litecoin Lead The Way

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For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Crypto%20Markets%20Up%20%248%20Billion%20as%20Bitcoin%20and%20Litecoin%20Lead%20The%20Way

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Crypto tags:

#BitcoinNews#LitecoinNews #CryptoNews

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Transcript:

0:00:00 Crypto Markets Up $8 Billion as Bitcoin and Litecoin Lead The Way

0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".

0:00:11 Following days of consolidation, crypto markets are on the up today as Bitcoin taps five figures once again.

0:00:17 The altcoins are largely immobile, that is except Litecoin which appears to be on the move before its halving early next week.

0:00:24 The moves by these two digital assets resulted in an $8 billion cash injection into crypto market cap which touched a five day high of $277 billion.

0:00:34 Total trade volume for all cryptocurrencies is back over $50 billion as momentum starts to bubble up again.

0:00:41 Total market cap 24 hours.

0:00:44 For the past two weeks, however, crypto markets have been range bound trading between $250 and $300 billion, largely around current levels right between the two.

0:00:55 The lift today has come from Bitcoin once again as it broke above the five figure barrier at touched an intraday high of $10,170. The move has lifted it around 7.5 percent from its low yesterday around $9,700. The day’s Asian trading session has been a little bearish with a slide back to $9,880 but as Europe awakes BTC has moved back to $10k again.

0:01:20 The highly anticipated FED interest rate cut was largely viewed as bullish for Bitcoin as it is traditionally a sign of a slowing economy which could lead to a weaker greenback.

0:01:29 BTC did not react much proving that it remains largely uncorrelated to US monetary policy.

0:01:36 Economist Alex Kruger was quick to point this out.

0:01:39 “$BTC saw a very minor increase in trading activity at 14:00 EST, time of the FOMC statement.

0:01:48 FOMC volatility hit the market the most starting 14:37 EST, during Powell’s conference.

0:01:55 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.


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