DecentralandCrypto Price Today: Bitcoin rises above $26,800 ahead of Fed meeting; Solana, Toncoin surge up to 5%
Credit: IndiatimesIndiatimes
•6 days ago
Bitcoin's dominance is currently 49.06%, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $15.06 billion, rising 98.61% in the last 24 hours.
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According to a report by The Block, Bitcoin (BTC) rose above $26,800 on Tuesday, December 15, 2020, ahead of the Federal Reserve's December meeting. The surge in Bitcoin's price has been attributed to a combination of increasing institutional demand and a weakening U.S. dollar. Other digital assets like Solana (SOL) and Toncoin (TON) also surged up to 5%, a sign that the overall crypto market is enjoying a bullish momentum. This surge in prices is indicative of the increasing mainstream acceptance of cryptocurrencies as a viable asset class.
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Frequently asked questions
What is the current price of Bitcoin?
The current price of Bitcoin is above $26,800.
What is the purpose of the upcoming Fed meeting?
The purpose of the upcoming Fed meeting is to discuss the economic outlook and potential policy decisions.
What other cryptocurrencies have seen an increase in price recently?
Recently, Solana and Toncoin have surged up to 5%.
How does the price of Bitcoin affect other cryptocurrencies?
Generally, when the price of Bitcoin increases, other cryptocurrencies tend to follow suit.
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