The S&P 500 price trended above Bitcoin and Ethereum with the release of the FOMC report, but the crypto assets have taken over.
Cryptocurrencies Bitcoin and Ethereum redefine market dynamics, veering from S&P 500 trends. Will their surge continue or face a shift?moved independently of the S&P 500 and Gold. Has this trend persisted into the new week, or has there been a change?have cooled down. With the sectors now each having their 'time in the sun', this next week will indicate whetherAs a result of this surge, stock prices surpassed the value of cryptocurrencies like BTC and ETH.
It remained uncertain whether stock prices will resume their upward trajectory when the market reopens, but cryptocurrency prices continued to rise during this period.had closed the trading session with a notable price increase of over 1%. At the time of writing, it was still trading with a slight price rise, exceeding $35,000.
Despite occasional declines, Bitcoin managed to maintain its price within the $35,000 range. This was a key factor that contributed to its upward trend compared to the S&P 500. In addition, an examination of Ethereum’s daily timeframe chart revealed an even more impressive performance. As of press time, Ethereum was trading with a substantial price increase of over 2%, surpassing the $1,800 mark.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.
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