Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
Not only Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Ethereum a decentralized open-source blockchain with smart contracts functionality. benefited, as the May 4th announcement also had a positive impact on many of the major altcoins in the market.
Bitcoin y Ethereum increase markedly this May 4th
Good news for enthusiasts and investors of the Bitcoin ( BTC ) y Ethereum ( ETH ), as in the last few hours the main cryptocurrencies in the market an area or arena, online or offline, in which commercial dealings are conducted. have recorded significant increases, just after the announcement made today by the US Federal Reserve. (FED) for the half-percentage point increase in interest rates.
According to data published in our section CryptoMarkets , the price of Bitcoin rose from about USD $38,766 to about USD $39,902 per unit following the announcement from the FED, so it increased by more than 4% during that time frame. The currency currency is a medium of exchange that defines value. is currently trading at about USD $39.827 at the time of publication.
For its part, Ethereum replicated this bullish pattern and moved from around $2,840 to $2,955 during the same time frame, also capitalizing on gains gains refer to an increase in value or profit. of close refers to the closing price; similar to the same term used in stock trading. to 4%. At this time the unit value of each ETH is about USD $2,946 per unit.
On the announcement of the FED
As we mentioned previously, the reaction in the price of the main cryptocurrencies was associated with the announcement made by the US Federal Reserve (FED) The U.S. Federal Reserve, the body responsible for the monetary policies of the North American nation, which today decreed a new increase in interest rates, which will rise again by half a percentage point as had been anticipated in previous opportunities.
It should also be noted that this move did not come alone, as the government agency also has among its plans to continue reducing its asset portfolio, starting by allowing bonds to mature without reinvesting the proceeds in new securities, rather than selling them on the open market.
For many people, the move does not come as a particular surprise, since the president of the FED, Jerome Powell, had anticipated weeks ago that this measure was on the table, and that they would continue to raise possible increases until they reach a point where inflation a general increase in prices and fall in the purchasing value of money. rates fall back to the levels seen before the pandemic. COVID-19.
Winners and Losers for this May 4th
It wasn’t just Bitcoin and Ethereum that benefited from the Fed’s announcement today, as many of the major altcoins capitalized on significant gains as of press time.
However, the currencies with the most pronounced fluctuations at this hour are as follows:
???? Winning Cryptocurrencies:$ZIL Zilliqa 30,17% (USD $0,09)$WAVES Waves 27,56% (USD $15,4)$CRV Curve DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. Token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. 21,96% (USD $2,63)$GALA Gala 18.77% (USD $0.16)$WTRX Wrapped TRON 18,11% (USD $0,08)
— Diario฿itcoin (@DiarioBitcoin) May 4, 2022
— Diario฿itcoin (@DiarioBitcoin) May 4, 2022
The most important news of the day
Below, we share with readers some of the most noteworthy news for this May 4th:
- U.S. Federal Reserve Orders Another Half-Percentage-Point Hike in Interest Rates
- Bloomberg report highlights that Bitcoin is becoming a risky asset with increased demand
- Vitalik Buterin: Ethereum Layer 2 fees must be less than USD $0.05 to be “acceptable”
- Polkadot goes multi-chain after launching XCM, “cross-consensus messaging” system
- Elon Musk changes his Twitter profile picture to NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. collage Bored Ape
To buy cryptocurrencies through DiarioBitcoin
We understand that this is a complex and especially sensitive time in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.
If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.
Imagen de Unsplash