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Another Altcoin Breaks Out

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Another Altcoin Breaks Out

B
Benzinga

1,537 Views • Jan 12, 2022

Description

The global markets are slowly shifting, allowing Bitcoin and Ethereum to recover. Moreover, Fed Chairman Jerome Powell says that low-interest rates are here to stay. The U.S. Dollar Index, for its part, is range-bound just over $95, up 7% and rising against a range of global currencies. As the tide turns for investors, other altcoins are picking up. Influencers and experts believe that the market is indicating that Bitcoin can rise to over $45,000 as a “first stop” on a march to much bigger gains, as high as $53,000. Plus, Ethereum has entered a support level of over $2800. Meanwhile, Kitty Inu is starting to break out ahead of the beta launches of the play-to-earn game known as Kitty Kart. Influencers are reminding investors, though, it’s not a meme coin, it’s play to earn. At press time, Kitty Inu was trading higher, gaining over 14%, sitting at its 24-hour high on a massive increase in volume.

Keywords & Tags

#bitcoin #crypto #cryptocurrency #nft #non-fungible token #finance #ethereum #inflation #business #crypto news #blockchain #tech #altcoins #economic recovery #digital asset #crypto broker #crypto mining #rebound #Jerome Powell #play-to-earn game #economic growth #virtual currency #Fed Chairman #global markets #low-interest rates #economic outlook #U.S. Dollar index #apex crypto #Altcoin Breaks Out #global currencies #Kitty Inu

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