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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/fed-minutes-influence-bitcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed Minutes Influence Bitcoin Surge</a><br></p>
<p style="text-align: justify">Yesterday evening, <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">the announcement</a> of the Federal Reserve (Fed) minutes sparked a renewed upward trend in the cryptocurrency market. While a general rise was observed, predominantly led by Bitcoin, some altcoins did not witness the expected surge. Despite Bitcoin’s price climbing back above $61,000, it eventually saw a slight decline. As of the morning of August 22, what is the current state of the market?</p>
<h2 id="bitcoin-s-latest-status">Bitcoin’s Latest Status</h2>
<p style="text-align: justify">Following a decline at the beginning of the week, Bitcoin experienced a price recovery with the release of the Fed minutes. Previously constrained between $58,000 and $60,000 for over a week, Bitcoin broke through to above $61,000 yesterday before falling back slightly, but it remains above the $60,000 threshold.</p>
<p style="text-align: justify">The outlook for BTC has turned positive again, with a 2.31% increase in price evident in the charts. Bitcoin found buyers at the $60,700 level, and the market cap has repositioned itself around the $1.2 trillion mark, driven by this price increase.</p>
<p style="text-align: justify">There was also a noticeable rise in Bitcoin’s 24-hour trading volume. From $26.9 billion yesterday, it surpassed $35 billion today, indicating growing investor interest in tandem with the price increase.</p>
<h2 id="altcoins-latest-status">Altcoins’ Latest Status</h2>
<p style="text-align: justify">Ethereum, Bitcoin’s closest follower, mirrored the surge, with a 1.12% increase over the past 24 hours, pushing its price above $2,600 to $2,620. However, the price change over the last seven days remains negative at -1.12%.</p>
<p style="text-align: justify">Looking at the third-largest cryptocurrency by market cap, <a href="https://en.bitcoinhaber.net/investors-buy-crypto-despite-bnb-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB) also showed a more pronounced increase than Ethereum, with a 1.50% rise in the past 24 hours, bringing its price close to $570.</p>
<p style="text-align: justify">Despite its previous strong recovery, Solana (SOL) saw a decline of 0.49% over the past 24 hours, settling at $142.12. Similarly, XRP experienced a slight increase of 0.63% but remains below the $0.60 mark, at $0.5994.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">Investors should note the following actionable insights:</p>
<ul>
 <li>Bitcoin’s sustained trading above $60,000 suggests a strong support level.</li>
 <li>Increased trading volume for BTC may indicate heightened investor interest.</li>
 <li>Ethereum and Binance Coin are showing resilience with modest gains.</li>
 <li>Solana and XRP’s current prices provide potential buying opportunities.</li>
</ul>
<p style="text-align: justify">As the market reacts to these developments, investors remain vigilant for further movements driven by underlying <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> and external factors.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/fed-minutes-influence-bitcoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed Minutes Influence Bitcoin Surge</a></h5>

Fed Minutes Influence Bitcoin Surge

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