Bitcoin spent another day watching and waiting.
But in a speech at the Brookings Institute on Dec. 1, Fed Chair Jerome Powell indicated that the bank might raise interest rates higher than expected in 2023 even as it contemplated lowering its next rate hike later this month from its current fare of 75 basis point increases to 50 bps.
Ether was recently changing hands at about $1,260, up slightly since Monday, same time. Most other major altcoins were recently in the green with AXS, the token of gaming platform Axie Infinity, rising more than 4.5% to continue a recent surge. SUSHI, the token of decentralized exchange Sushiswap was off more than 10%. TheIn an increasingly common pattern, crypto prices veered from U.S. equity indexes, which sank amid inflationary worries and macroeconomic uncertainties that have plagued 2022.
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