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Bitcoin, Ethereum, Dogecoin Trade Flat — Is Hawkish Fed Taking Some Wind Out Of The Crypto Sails? – Bitcoin – United States Dollar ($BTC)

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Bitcoin, Dogecoin, and Ethereum were muted on Wednesday evening, with the global cryptocurrency market cap edging 0.4% lower to $2 trillion, as the U.S. Federal Reserve stuck to a hawkish tone even as war raged on in Ukraine. 

Price Performance Of Major Coins
Coin 24-hour 7-day Price
Bitcoin (CRYPTO: BTC) -0.6% 17.8% $43,999.10
Ethereum (CRYPTO: ETH) 0.9% 14.3% $2,966.70
Dogecoin (CRYPTO: DOGE) -0.1% 4.3% $0.13
Top 24-Hour Gainers (Data via CoinGecko)
Cryptocurrency 24-Hour % Change (+/-) Price
Anchor Protocol (ANC) +20% $4.49
Convex Finance (CVX) +13.1% $21.27
JUNO (JUNO) +12.3% ​​$45.16

See Also: How To Buy Bitcoin (BTC)

Why It Matters: The U.S. Federal Reserve Chair Jerome Powell, in his semi-annual address to the Congress,  said that rate hikes were coming despite the ongoing war between Russia and Ukraine.

“The bottom line is we will proceed, but we will proceed carefully as we learn more about the implications of the Ukraine war for the economy,” said Powell.

“We will avoid adding uncertainty to what is already an…

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