$BTC $BNB $ETH Bitcoin and top crypto price movements showed variations on Wednesday (22/5/2024). The majority of top cryptocurrencies are still showing gains.
According to data from Coinmarketcap, Bitcoin (BTC) as the cryptocurrency with the largest market capitalization, continues to strengthen. The price of Bitcoin has increased by 0.04 percent in the last 24 hours and 13.88 percent in one week.
Ethereum (ETH) is also showing an upward trend. The price of ETH rose by 4.10 percent in a day and 31.75 percent in a week, reaching a level of IDR 60.84 million per coin.
Binance coin (BNB) also experienced strengthening. In the last 24 hours, BNB rose 3.81 percent and 9.28 percent in a week, at a price of IDR 9.88 million per coin.
The crypto market, including Bitcoin, tends to weaken today amidst market players waiting on Wednesday (22/5/2024) for the Federal Open Meeting Committee (FOMC) minutes.
Earlier, some members commented that further interest rate hikes may be needed before April inflation data is released.
The Fed's minutes could still be a source of concern for investors because they contain details of the interest rate path.
On the other hand, the Iranian President's helicopter crashed, raising concerns that it would turn into an assassination story and increase Iran-Israel tensions. It's worth remembering how geopolitical risks adversely impacted risk markets, including crypto, just a few weeks ago.