BTC price grows up to $29 thousand, altcoins retained their positions

Oct 20, 2023
On Thursday, Bitcoin gained a little in price and reached $29 thousand, despite the news that the New York Attorney General filed a lawsuit against Gemini and DCG on charges of fraud in the amount of $ 1 billion.

The yield on 10-year US bonds increased to 4.7%, by 6 basis points. The market index (CMI) grew up by 0.3%.

Altcoins were trading unchanged this week. At the same time, ETH, BNB, DOT and DOGE declined slightly. The price of SOL for the day increased by 5%.

XRP price grew by more than 6% late on Thursday, after the U.S. Securities and Exchange Commission (SEC) dropped charges against Ripple Labs CEO Brad Garlinghouse and chairman Chris Larsen.

The market situation was also influenced by the speech of the Chairman of the US Federal Reserve Jerome Powell. He said that inflation is still too high, but rising yields on long-term bonds may mean less need for further interest rate hikes. Most likely, the Fed will keep interest rates unchanged in November.