The S&P 500, Dow and NASDAQ completed the day up 0.29%, 0.58% and 0.40% respectively. At the time of writing, FIL is up 40.7% to a price of $89, MANA is up 7.3% to a rate of $1.01 and BAT has increased by 44% to set a brand-new all-time high of $1.36. Source: Coin360The total cryptocurrency market cap now stands at $1.8 trillion and Bitcoins supremacy rate is 60.9%.
The announcement sparked price rallies for all the jobs involved, with Livepeer seeing the most significant impact as its cost soared more than 260% from a low of $5.53 to a new all-time high of $20.21. At the time of writing, FIL is up 40.7% to a rate of $89, MANA is up 7.3% to a price of $1.01 and BAT has increased by 44% to set a brand-new all-time high of $1.36. Daily cryptocurrency market performance. Source: Coin360The total cryptocurrency market cap now stands at $1.8 trillion and Bitcoins dominance rate is 60.9%. The opinions and views revealed here are solely those of the author and do not always reflect the views of Cointelegraph.com. Every investment and trading relocation involves danger, you must perform your own research study when making a choice.
Optimism returned throughout the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of a rates of interest trek in 2022 if employment and financial signs continue to improve. Data from Cointelegraph Markets and TradingView shows that Bitcoin struggled below the $57,000 level throughout early trading hours until the statement from the U.S. Federal Reserve stimulated a rally which took BTC to an intraday high of $58,243. BTC/USDT 4-hour chart. Source: TradingViewBullish momentum for the top cryptocurrency began to develop after it was revealed that institutional banking giant Morgan Stanley will soon provide certain financiers access to three funds that permit customers to own Bitcoin. Further validation for a continuation of the present bull market originated from Bitcoins stock-to-flow creator PlanB, who feels that BTC “will not stop” at $100,000 and could reach an average cost as high as $288,000 with its all-time high registering even greater. Conventional markets rally after Powells commentsAfter controlled trading in the early hours on Wednesday, equities markets saw an uptick in activity following Fed Chair Jerome Powells comments which stimulated rallies in stocks and the significant indices. The S&P 500, Dow and NASDAQ completed the day up 0.29%, 0.58% and 0.40% respectively. The 10-year U.S. Treasury note likewise saw a boost of 1.23% to 1.641 Altcoins get a boost as Grayscale provides exposureSelect altcoins also moved higher after Grayscale Investments announced that it had actually included 5 brand-new items to its lineup, using direct exposure to Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT). ANNOUNCEMENT: 5 new products have been included to the @Grayscale line up!Basic Attention Token $BATChainlink $LINKDecentraland $MANAFilecoin $FILLivepeer $LPTInterested? https://t.co/YfK2YUKgCj pic.twitter.com/jLqDph4MEH— Michael Sonnenshein (@Sonnenshein) March 17, 2021