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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Bitcoin, Ethereum, Dogecoin Down As Fed's Powell Dials Up Hawkish Tone: Why Cryptos Could See A 'Strong Recovery'

Bitcoin Crypto Ethereum Dogecoin Jerome Powell Glassnode Santiment

Bitcoin traded above the psychologically important $40,000 mark even as the apex coin and other major peers were in the red over 24 hours leading up to Thursday night. The global cryptocurrency market cap shrank 2.6% to $1.9 trillion. 

Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin (CRYPTO: BTC) -2.4% 1% $40,430.63
Ethereum (CRYPTO: ETH) -3% -1.5% $2,984.80
Dogecoin (CRYPTO: DOGE) -3.3% -5% $0.14
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