{"id":17118,"date":"2023-02-27T00:16:21","date_gmt":"2023-02-27T00:16:21","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/theta-lido-klay-and-egld-flash-bullish-signs-as-bitcoin-recaptures-23k\/"},"modified":"2023-02-27T00:16:24","modified_gmt":"2023-02-27T00:16:24","slug":"theta-lido-klay-and-egld-flash-bullish-signs-as-bitcoin-recaptures-23k","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/theta-lido-klay-and-egld-flash-bullish-signs-as-bitcoin-recaptures-23k\/","title":{"rendered":"THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23K"},"content":{"rendered":"
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.\u00a0<\/p>\n
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. <\/p>\n