Cryptocurrency prices edged down on Friday, as investors awaited signals from the Federal Reserve regarding the interest rate path, amid persistent inflationary pressures.

 

Bitcoin is trading at $82,000, after briefly dropping below 80,000 dollars for the first time in about a month, before paring losses as US stocks fluctuated.

 

Jeff Anderson, head of US business at STS Digital, said inflation data will strongly weigh on risk appetite, with the Federal Reserve's blackout period ahead of its meeting, and uncertainty over the path of interest rates, Bloomberg reported.

 

Change in cryptocurrency prices

Cryptocurrency

Price ($)

Change value ($)

Change (%)

Bitcoin

82050.25

(239.25)

(0.27%)

Ethereum

2449.71

(2.92)

(0.14%)

Ripple

1.3367

(0.001)

(0.08%)
* Prices are updated ‎as of 10:40 a.m. KSA time.

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