Cryptocurrency Price Today: Bitcoin Regains Following Fed Minutes Blues

Quick analysis of the cryptocurrency market on February 23: On Thursday morning, the market capitalization of all cryptocurrencies was $1.11 trillion.

After the US Federal Reserve published the minutes from the Federal Open Market Committee (FOMC) meeting in January, which revealed that some committee members wanted to see a higher interest rate hike to control inflation while others thought it was best to wait first before making a decision.

Bitcoin (BTC), the oldest and most valuable cryptocurrency, dropped down to nearly $23,600. BTC, however, was able to turn around quickly enough, surmounting $24,000 in the early hours of Thursday.

Other well-known altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP), all managed to post modest increases. With a gain of 15% over the course of a day, the Stacks (STX) token was found to be the largest winner of the group.

At the moment of writing, the market capitalization of all cryptocurrencies was $1.11 trillion, up 1.40 percent over the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $24,511.23, up 1.34 percent over the previous day. The price of Bitcoin was Rs 20.99 lakhs, according to Indian platform WazirX.

Ethereum price today
At the moment of writing, the price of ETH was $1,668.40, up 1.20 percent over the previous day. According to WazirX, the price of ethereum in India was Rs. 1.43 crores.

Dogecoin price today
Currently trading at $0.08592, DOGE saw a 24-hour increase of 1.25 percent, according to statistics from CoinMarketCap. WazirX reports that the Bitcoin price in India was Rs 7.49.

Litecoin price today
Bitcoin gained 0.81 percent over the course of a day. Its price at the moment of writing was $95.67. The price of LTC was Rupees 8,174.46 in India.

Ripple price today
The price of XRP was $0.3955, up 1.59 percent over the previous day. The price of ripple was Rs 33.80, according to WazirX.

Solana price today
The price of solana was $24.54, up 0.44 percent over the previous day. WazirX reported that the cost of SOL in India was Rs 2,095.