What? 2 Days of Gains for Bitcoin, Ethereum, and Dogecoin?
The strong momentum we saw proliferate in the crypto market Tuesday has boiled over into today's trading session. Top-10 cryptocurrencies Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) rocketed 5.6%, 10.7%, and 8.7% higher over the past 24 hours, as of 10:15 a.m. ET.
The macro environment for crypto looks to be stabilizing, with the benchmark 10-year U.S. Treasury yield stabilizing (and actually inching lower) today ahead of a key Federal Open Market Committee (FOMC) meeting today. Tech stocks and crypto tokens are each rising ahead of this meeting, with the market betting that the recent hawkish tone of the Fed won't get too hawkish just yet.
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Source Fool.com
