The cryptocurrency sector's volatile price behaviour is under spotlight today. As of 1:45 p.m., the crypto market has risen 1.5% over the previous 24 hours. ET.
Given their size and significance, investors continue to concentrate on Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Cronos (CRYPTO: CRO). 15:45 ET,
these three tokens rose 1.8%, 2.8%, and 4.4%, respectively.
Bitcoin's (smallest) move after an 85-minute period on Monday with no blocks created
This problem aroused concerns in the crypto community due to a difficulty change.
Potential Fed rate rises continue to weigh on risk assets. This makes these top coins' price behaviour harder to explain.
In recent days, positive momentum has returned as some believe additional rate rises might lead to a medium-term recession. A recession might cut interest rates sooner than predicted.