First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out

Posted on by American Coins & Gold

First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out
Good morning. Here’s what’s happening:Market moves: Bitcoin gave up early gains after Powell’s hawkish comments.Technician’s take: Long-term momentum remains weak and BTC is at a critical point.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $36,826 -0.3%Ether (ETH): $2,470 +0.7%Top Gainers Asset Ticker Returns Sector Polygon MATIC +5.5% Smart Contract Platform Dogecoin DOGE +5.1% Currency Solana SOL +3.0% Smart Contract Platform Top Losers Asset Ticker Returns Sector Cosmos ATOM −5.8% Smart Contract Platform Internet Computer ICP −2.9% Computing Stellar XLM −1.0% Smart Contract Platform MarketsS&P 500: 4,349 -0.1%DJIA: 34,168 -0.3%Nasdaq: 13,542 +.02%Gold:…