Most cryptocurrencies continued to rally during Monday's trading, as traders partially abandoned quick profit-taking operations although concerns about rate hikes remained at the same strong pace and for longer, which would negatively affect the performance of high-risk assets.
During today's trading, Bitcoin, the world's most valuable cryptocurrency, rose 0.04% to $19.77,000.
Bitcoin has been moving for a month between $19,000 and $21,000 as investors try to absorb their losses as a result of tighter monetary policies.
Solana rose 0.43%, Blocka Dot also rose 4% to $7.52, Binance Coin fell 0.97% to $275.6, and Ripple fell 1.25% to $0.32436.
Financial markets are currently expecting the Federal Reserve to go up interest rates by 75 basis points for the third consecutive meeting in September, followed by a 50 basis point increase in November, and then a 25 basis point hike in December, with the central bank starting to cut rates in the fall of 2023.
