Federal reserve pause rate hikes in November, BTC breaks $35,000

BTC up 3.4% in 24h, ETH up 2.9%

On November 1st, the Federal Reserve decided to pause rate hikes for the month. BTC and ETH both went higher, with BTC breaking $35,000 again, currently quoted at $35,701.50; ETH meanwhile broke $1800, currently quoted at $1864.40.

On November 2nd, MicroStrategy's Q3 2023 earnings report revealed that the company purchased an additional 155 BTC at a price of $5.3 million in October. As of October 31, 2023, MicroStrategy holds a total of 158,400 bitcoins with a total cost of $4.69 billion and an average cost per BTC of $29,586.

In other news according to Coingecko, SUSHI saw a 51.3% increase in the past 24 hours, 88.1% in 7 days, reaching a yearly high for 2023.

Note

Digital assets are highly volatile and unpredictable, do your research before trading.

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