Bitcoin (BTC): $23,334 1.4%
Ether (ETH): $1,681 0.9%
S&P 500 daily close: 4,130.29 +1.4%
Gold: $1,780 per troy ounce +1.0%
Ten-year Treasury yield daily close: 2.64% 0.04
Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.
The largest cryptocurrency by market capitalization was recently at roughly $23,350, down slightly over the previous 24 hours. Bitcoin finished its second consecutive positive week, rising more than 13% from its Monday low, at one point topping $24,500 amid hopeful signs the economy was slowing enough for the U.S. central bank to soon consider scaling back interest rate hikes. For July, bitcoin rose over 23%, while ether soared more than 55% to change hands a little under $1,700.
On Wednesday, the Federal Reserve increased interest rates...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...