What are the biggest knocks on crypto?

Jeff Wilser reports. Think of the biggest knocks on crypto: Cryptocurrencies like bitcoin aren’t “real,” because they’re not backed by hard assets in the real world; They’re highly speculative, and the yo-yoing prices can doom unsophisticated investors; often they’re even ridiculous, with meme-coins and cartoon apes selling for millions.

Will cryptocurrencies stay steady during a rate adjustment?

Although the total market capitalization for digital currencies dipped 2% earlier this week, its ability to stay steady during the rate adjustment has observers optimistic about the world's largest cryptocurrency. Last month, the Fed said it was skipping an interest rate hike, the first time in 18 months.

How much did bitcoin go up despite a 0.25% interest rate increase?

Despite the 0.25% increase in interest rate, Bitcoin only moved toward a market price of $30,000. The lack of movement was seen as a positive indicator, as the Fed mulls more raises in order to combat inflation.

Could XRP be a boon if other cryptocurrencies rise?

Drozdz notes, “A large-scale upswing in the crypto world could be a boon for XRP. If other cryptocurrencies rise, XRP could well ride the wave.” However, not all potential scenarios are rosy. The resolution of the ongoing litigation could, paradoxically, lead to a decline in XRP’s price.