Following the Federal Reserve’s decision to pause interest rates, bitcoin experienced a crash and prices fell to $25,000. The cryptocurrency market is grappling with intricate security law issues, and ethereum (ETH) has also witnessed remarkable volatility, reaching a critical juncture with an uncertain future trajectory. Amid these developments, tradecurve (TCRV) prices have seen a 20% rise.
Bitcoin price falls after Fed decision
Bitcoin (BTC) prices have fallen in the last 24 hours below the $26,000 and $27,000 levels, key reaction lines in the past month. While BTC rose to a 10-month high above $30,000 in April, it is now headed lower. As of June 15, 2023, the coin changed hands at $25,027.94.
In the past seven days, the coin fell to a low of $24,864.61 while posting a weekly high of $26,753.64. The all-time high was on November 10, 2021, at $69,044.77, which means that BTC is trading 63.77% from its highs. Over the past month, bitcoin has fallen 7.5% and is down 3.8% on the previous trading day.
Ethereum at a critical turning point
An ethereum (ETH) whale with an estimated $738 million of ETH has recently moved 450,000 ETH to an address linked to Coinbase, a cryptocurrency exchange.
Furthermore, the recent disclosure of the Hinman documents also suggested that ethereum is not considered a security. However, the US Securities and Exchange Commission (SEC) still maintains the position that all cryptocurrencies other than bitcoin are securities.
This has left a lot of uncertainty surrounding ethereum and it has now come to a head.
As of June 15, 2023, Ethereum is trading at $1,644.02. Last week, ETH fell to $1,632.46 and rose to highs of $1,861.09. The all-time high for the coin was on November 10, 2021, at $4,878.26, which means that it has fallen more than 62%.
In the last 30 days, ETH fell 9.5%, while the previous week it was down 10.9%. With this in mind, the future of cryptocurrencies is uncertain and investors are looking elsewhere for alternatives.
Tradecurve up 20%
While cryptocurrencies like bitcoin and ethereum are struggling amid a wave of selling pressure, TCRV, Tradecurve’s native token, is up 20%.
Without requiring clients to comply with know-your-customer (KYC) procedures, the platform offers unrestricted access to CFDs, Forex, Indices, Commodities, Cryptocurrencies, Options, ETFs and Bonds. This allows users to create an account, deposit crypto, and then use that crypto as collateral when making transactions.
In addition, users can access high leverage starting at 500.1, algorithmic trading, a VIP account service, deposit bonuses, level-up benefits, a dedicated trading academy, negative balance protection and proof of reserve. (PoR) that will reinforce transparency.
The TCRV pre-sale is now in Stage 4, where token prices increased by 20% to $0.018. 1,700,306 TCRV tokens have already been sold during Stage 4, and analysts remain bullish on the token’s prospects.
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