Articles by Myrsini Giannouli

Cryptocurrency prices plummeted last week, as global recession concerns drove riskier assets down.

In a surprise move, the US Federal Reserve voted to raise its benchmark interest rate by 75 points on Wednesday, taking aggressive action against inflation.

Gold price rose above $1,830 per ounce on Wednesday, benefiting from the dollar’s weakness following the Fed monetary policy meeting.

Oil slipped on Wednesday, with WTI dropping to $115 per barrel, below the $117 per barrel support.

High market volatility on Wednesday triggered volatility in cryptocurrency prices, as markets struggled to process the outcome of the Fed policy meeting.

Bear markets prevailed on Tuesday ahead of the Fed policy meeting on Wednesday.

Oil prices were volatile on Tuesday, with WTI trading at a three-month high, above $123 per barrel early in the day, but pairing its gains and dropping below $118 per barrel later on.

Gold price crashed this week as the dollar rallied, falling from above $1,870 per ounce on Monday, to $1,805 per ounce on Tuesday.

The dollar continued gaining strength this week, with the dollar index climbing above 105.4 on Tuesday, ahead of Wednesday’s Fed monetary policy meeting.