The UN's Recommendation to the US Fed Agrees with the Crypto Markets

The crypto markets appear to be in agreement with the UN's recommendation to the US Fed.

The Fed's meeting yesterday didn't cause much volatility in the crypto markets, but today's pressure from the UN has pushed prices up across the board. With the central bank coming under scrutiny, it remains to be seen how this will impact the cryptosphere in the long run.

The Bitcoin price has surged past $20,000 for the first time ever, while Ethereum, XRP, and MATIC have all seen impressive gains over the past 24 hours. This is a historic moment for the cryptocurrency market, as Bitcoin reaches a new all-time high.

Bitcoin reaches $20,000 for the first time ever

It seems like bitcoin is stuck around $19,000 at the moment. After failing to overcome $20,000 a day earlier, the asset has calmed down and spent most of the weekend at just over $19,000. It will be interesting to see if bitcoin can break through this barrier and continue to rise in value.

There is still no clear resolution to the ongoing financial crisis, as authorities continue to meet without any concrete decisions being made. Some had hoped that Monday's emergency meeting would produce some results, but it seems that this may not be the case. It remains to be seen what will happen next, but it is clear that the situation is still very uncertain.

The UN's urging of the Fed to stop hiking interest rates may cause a global recession, according to reports. This landscapechange could have serious implications for the world economy.

Bitcoin dominance is on the rise again, and the asset stands at a multi-day high of just over $20,000. Its market cap has risen to $385 billion, and it now dominates the altcoin markets with a 40% market share.

BTCUSD. Source: TradingView
The BTCUSD market is on fire, with prices soaring to new all-time highs. The market is being driven by strong demand from buyers, who are eager to get their hands on Bitcoin. The market is expected to continue its upward trend in the coming days and weeks.

XRP and ETH prices both up 5% today.

Although ETH is still a long way down from its pre-Merge price, the second-largest crypto is up by almost 5% daily. This is a positive sign for the future of ETH, and experts believe that it will continue to rise in value. Tap $1,350 for the first time in a few days.

Ripple is one of the biggest beneficiaries of the recent rally in the cryptocurrency markets. XRP has surged by a similar percentage as ETH, and is now trading above $0.45. MATIC has seen the biggest jump, with a 7% increase to $0.82. This latest rally is a reminder of the potential that cryptocurrencies still have, and Ripple is leading the way.

The market for cryptocurrency appears to be stabilizing, with many coins seeing modest gains. Binance Coin, Cardano, Dogecoin, Polkadot, Shiba Inu, Tron, and Avalanche are all in the green, indicating that investor confidence is slowly returning.

It is clear that ATOM, LINK, and QNT are the best performing assets in the market today. With a daily market cap increase of $30 billion, it is evident that investor confidence is high and the future looks bright for the cryptocurrency industry.

Cryptocurrency Market Overview. Source: Quantify Crypto
The cryptocurrency market is in a state of flux, with prices bouncing around and new projects appearing all the time. However, despite the volatility, the overall trend seems to be positive, with prices slowly but steadily increasing over time.

As foreign pressure on the US Federal Reserve to stop interest rate hikes mounts, the value of Bitcoin and other cryptocurrencies has risen sharply. This is good news for cryptocurrency investors, as the value of their assets has increased significantly.