In the early morning, Bitcoin was trading at $58,089, up 4.4% from its Thursday\u2019s low but down 0.9% in the last 24 hours. Bitcoin is down 10.4% over the past week, so the trend was definitely lower this week.
Cryptocurrencies are having another volatile day on Friday but this time after a week of falling prices, most cryptocurrencies are moving to the north territory.
Ethereum is trading 4.1% higher Friday to $4,225 and is up by 6.7% from its lows late on Thursday. Like Bitcoin, Ethereum is down 10.5% over the past week.
Dogecoin is up 8.8% from its low for the day and is up 5.8% in the last 24 hours. But Dogecoin is down 9.5% over the past week even after today’s increase.
It has been a bad week for cryptocurrencies and one major factor is the stronger US dollar and speculations on interest rate hikes, which both work against cryptos, specifically Bitcoin, as a hedge against inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the early morning, Bitcoin was trading at $58,089, up 4.4% from its Thursday\u2019s low but down 0.9% in the last 24 hours. Bitcoin is down 10.4% over the past week, so the trend was definitely lower this week. Cryptocurrencies are having another volatile day on Friday but this time after a week of falling …<\/p>\n","protected":false},"author":13,"featured_media":32197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,6903,6905,7664,6871],"class_list":["post-55265","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-cryptocurrencies","tag-ethereum","tag-interest-rate-hike","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55265"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55265\/revisions"}],"predecessor-version":[{"id":55273,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55265\/revisions\/55273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32197"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}