A late Thursday decline sent bitcoin into the red, but the largest crypto by market cap was still trading over $25K. BTC, ETH trading volumes rose after the Fed's rate hike. GWilliamsJr_CMT and JPRubin23 write
A late Thursday price dip notwithstanding, optimism continued wafting through crypto markets a day after the U.S. central bank's modest price hike surprised few monetary policy observers.
In an interview with CoinDesk TV's"First Mover" program, Mark Connors, head of research at Canadian investment manager 3iQ, said that despite its recent gains, bitcoin was still trading below its 200-week moving average. Ether fared similarly on the day, dipping late to also fall 1.8% from Wednesday, same time. The second largest crypto in market value was recently changing hands near $1,650. Other major cryptos declined late in the day to flatten or also drop into negative territory. APT, the token of layer 1 blockchain Aptos, plunged 6.5% to lose some of the ground it has gained this year. APT rose more than any other token in January. GALA, the token of the Gala Games play-to-earn platform declined 5%.
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