• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

Types, Use Cases and Why They Matter

2025-05-24

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    Types, Use Cases and Why They Matter

    2025-05-24

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Crypto market largely unaffected by ECB decision to hike rate by 50bps
Analysis

Crypto market largely unaffected by ECB decision to hike rate by 50bps

2023-03-16No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The crypto market is essentially unaffected by the European Central Financial institution’s newest 50 foundation level price hike, with the flagship cryptocurrency Bitcoin solely seeing a minor dip following the announcement.

In the meantime, conventional inventory markets noticed most shares rebound after opening losses following the speed hike. Nonetheless, long-term sentiment factors to future pains as markets had been hoping for leniency from the central financial institution amid the turmoil of the prior day.

Bitcoin stays stalwart

The flagship cryptocurrency noticed a slight sell-off within the hour following the ECB price hike after briefly breaking $25,000 and was buying and selling at $24,752.58 as of press time.

BTC has proven no indicators of contagion from the turmoil within the conventional monetary markets over the previous couple of weeks and has continued its regular testing of resistance ranges above $25,000 following a blazing climb of greater than 15% over the previous seven days.

The highest 10 cryptocurrencies by market cap principally skilled comparable worth actions and had been total unaffected by the ECB price hike.

Nonetheless, solely BTC, Ethereum, and BNB have posted important weekly positive aspects. BNB was up over 8% over the previous day.

TradFi in shambles?

European banking shares noticed their worst day on March 15 since Feb. 24, 2022, after Credit score Suisse’s troubles precipitated the financial institution’s inventory to fall 24%. The general sector was down 7%.

The shares have since recovered after the Swiss central financial institution introduced a $54 billion mortgage for the ailing lender on March 16 — just a few hours earlier than the speed hike.

See also  Analyst Points to Increasing Caution in Bitcoin Market Despite Price Surge

Nonetheless, it’s unclear whether or not the Swiss Nationwide Financial institution’s lifeline can be sufficient for the lender to outlive long-term, with some analysts anticipating it’ll want one other mortgage inside the yr.

In the meantime, on the opposite facet of the pond, U.S. regulators are nonetheless coping with the collapse of two banks inside every week — reigniting the unique debate for why we want Bitcoin.

Source link

50bps Crypto Decision ECB hike largely market Rate unaffected
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

A Beginner’s Guide to Crypto

2025-05-16

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

Phishing scammers now exploiting Google’s infrastructure to target crypto users

2025-04-16
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Altcoins

Binance Coin [BNB] forms bullish continuation pattern – to $360 next?

2023-02-08

Disclaimer: The knowledge offered doesn’t represent monetary, funding, buying and selling, or different kinds of…

Analysis

100 Biggest Tether Whales Add $1,670,000,000 in USDT in Six Months, Says Analytics Firm Santiment

2023-11-28

Main crypto analytics agency Santiment says that the most important Tether whales have been gobbling…

Bitcoin

Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak

2024-03-22

Regardless of a steady four-day streak of internet outflows from Bitcoin spot exchange-traded funds (ETFs)…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Cardano News : ADA On-Chain Metrics Spikes Amid Major Announcement at the Cardano Summit 2023 

2023-04-27

Lido (LDO) Price Inks Gains Alongside TVL Rise – What Traders Should Expect

2023-08-30

Solana Co-Founder Applauds Solscan Development Amid Etherscan Acquisition News

2024-01-03

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,799.000.03%
  • ethereumEthereum(ETH)$2,550.93-0.52%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.43%
  • binancecoinBNB(BNB)$673.470.75%
  • solanaSolana(SOL)$175.90-2.82%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,952.19
ethereum
Ethereum (ETH) $ 2,555.45
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 673.43
solana
Solana (SOL) $ 176.23
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227638
cardano
Cardano (ADA) $ 0.758058
tron
TRON (TRX) $ 0.271419