Listed below are your FOX Enterprise Flash prime headlines for March 18.
Bitcoin was buying and selling above $41,000 early Monday morning because the cryptocurrency market was down total.
In accordance with Coindesk, Bitcoin was buying and selling at $41,218, down 1.64%, whereas Ethereum and Dogecoin have been buying and selling at $2,882 (-1.53%) and roughly 12 cents (-1.88%), respectively, the report stated.
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Bitcoin and different main cryptocurrencies fell barely final week, however completed a principally upbeat week increased than after they began the week, displaying stamina to face up to the U.S. central financial institution’s first rate of interest hike in 4 years and Russia’s escalating assaults on Ukraine.
Bitcoin was buying and selling above $41,000 early Monday morning as total the cryptocurrency market was down total. (iStock / iStock)
Bitcoin was off about 1.3% over the previous 24 hours. Bitcoin topped $42,000 late throughout U.S. buying and selling hours Friday, a greater than 7% enhance from the place it began the week as buyers digested the long-expected Federal Reserve’s 25-basis-point enhance on Wednesday and international unrest tied to Russia’s invasion.
In the meantime, Ether, the second-largest crypto by market cap, was altering arms just a little below $2,900, a 1.8% drop over the identical interval, however nicely up from the place it started the week. Most different main cryptos have been within the purple over the weekend. Buying and selling quantity fell over the previous three days, Coindesk reported.
In different cryptocurrency information, an Austin, Texas, metropolis council member final week introduced a decision that may discover potential makes use of of Bitcoin and different cryptocurrencies within the metropolis.
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The decision, from Austin Metropolis Council Member Mackenzie Kelly (District 6), got here forward of South by Southwest’s return to town after two years of the COVID-19 pandemic.