@Benerci 5 November 2022 more from that month

This Week in Coins: Dogecoin Outpaces Bitcoin and Ethereum Amid Musk’s Twitter Takeover The Fed’s announcement of a fourth rate hike this year impeded the growth of the usual weekly leaders BTC and ETH. In a typical week, market leaders Bitcoin (BTC) and Ethereum (ETH) set the pace for everyone else, but this week they took a backseat to other impressive rallies. Bitcoin gained 3% over the last seven days and currently changes hands at $21,314. Ethereum rose nearly 2% during that time and trades for $1,640. Both could have made more headway, but the U.S. Federal Reserve’s announcement on Wednesday of yet another 0.75% interest rate hike—the fourth this year—quickly scuppered their trajectory. Interest rate hikes are typically (but not always) met with bearish sentiment among investors who go for riskier assets like crypto or equities. The reason being that higher rates make it harder for people to borrow money, so broadly speaking they hold onto their wealth and forgo their chancier investments. On Friday, the two market leaders recovered a little following the release of a Labor Department report showing that U.S. job growth was up. ##doge#dogecoin #bitcon #twitter