Bitcoin, Ethereum, Dogecoin Shrug Off Hawkish Fed, Voyager Crisis: Analysts Pencil Apex Coin's Next Breakout Range

Bitcoin , Ethereum and other major coins rose Wednesday night, as the global cryptocurrency market cap increased 2% to $923.5 billion at press time. ​ Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC ) 1.7% 2.2% $20,547.52 Ethereum (CRYPTO: ETH ) 4.5% 7.9% $1,186.65 Dogecoin (CRYPTO: DOGE ) 1.7% -1.3% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Storj (STORJ) +11.95% $0.72 THORChain (RUNE) +9.3% $2.30 The Sandbox (SAND) +6.9% ​​$1.26 See Also: Best USDC Interest Rates Why It Matters: The apex cryptocurrency showed signs of consolidation around the $21,000 mark on a day when the U.S. Federal Reserve released its June policy meeting minutes laced with a hawkish tone.  “Participants concurred that the economic outlook warranted moving to a restrictive stance of policy, and they recognized the possibility that an even more restrictive stance could be appropriate if elevated inflation pressures were to persist,” according to the minutes. Bitcoin and Ethereum's price action shrugged off the bankruptcy of the lending platform Voyager Digital LLC (OTC: VYGVF ) along with market contagion fears on Wednesday in intraday trading. “Bitcoin is consolidating above $20,000 at time of writing, whilst negative sentiment remains among market participants,” said GlobalBlock analyst Marcus Sotiriou. Sotiriou cited CoinShares data and noted that ... Full story available on Benzinga.com