Cryptocurrency markets pumped on positive CPI data but retraced the move after an unexpectedly hawkish FOMC press conference.
Prices as of 3.30 p.m. ET:
Crypto analyst Stockmoney Lizards highlighted five critical trends in the current altcoin cycle, offering insights into how investors can navigate an increasingly crowded market.
Over the past 24 hours, Injective's (CRYPTO: INJ) price has risen 3.16% to $28.87. This continues its positive trend over the past week where it has experienced a 14.0% gain, moving from $25.31 to its current price. As it stands right now, the coin's all-time high is $52.62.
Over the past 24 hours, Injective's (CRYPTO: INJ) price rose 8.3% to $30.68. This continues its positive trend over the past week where it has experienced a 21.0% gain, moving from $24.99 to its current price. As it stands right now, the coin's all-time high is $52.62.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $65,000 level on Monday.
Ethereum (CRYPTO: ETH) also recorded gains, approaching the key $3,200 mark this morning.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $63,000 level on Thursday.
Ethereum (CRYPTO: ETH) also recorded losses, but remained above the key $3,000 mark this morning.
Injective's (CRYPTO: INJ) price has increased 5.74% over the past 24 hours to $25.31, which is in the opposite direction of its trend over the past week, where it has experienced a 23.0% loss, moving from $32.69 to its current price.
Over the past 24 hours, Injective's (CRYPTO: INJ) price has risen 4.72% to $34.11. This is contrary to its negative trend over the past week where it has experienced a 9.0% loss, moving from $37.59 to its current price.
Injective's (CRYPTO: INJ) price has decreased 3.17% over the past 24 hours to $36.67. This is contrary to the coins performance over the past week where it has experienced an up-trend of 5.0%, moving from $35.05 to its current price.