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THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K

Published 02/26/2023, 05:06 PM
Updated 02/27/2023, 06:40 PM
© Reuters.

The cryptocurrency markets and the United States equities markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.

The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
LDO/USDT daily chart. Source: TradingView
LDO/USDT 4-hour chart. Source: TradingView
EGLD/USDT daily chart. Source: TradingView
EGLD/USDT 4-hour chart. Source: TradingView
THETA/USDT daily chart. Source: TradingView
THETA/USDT 4-hour chart. Source: TradingView
KLAY/USDT daily chart. Source: TradingView
KLAY/USDT 4-hour chart. Source: TradingView

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