Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices


Bitcoin (BTC): $20,379 +4.2%


Ether (ETH): $1,360 +3.0%


CoinDesk Market Index (CMI): $989 +3.0%


S&P 500 daily close: 3,790.93 +3.1%


Gold: $1,735 per troy ounce +2.5%


Ten-year Treasury yield daily close: 3.62% −0.2

Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.

Originally Posted on: https://www.coindesk.com/markets/2022/10/04/markets-seem-hopeful-the-fed-will-temper-rate-increases-that-crushed-prices/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Glenn Williams, Jocelyn Yang

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