Similar to last week, this article will be going over cryptocurrencies to watch this week (BTC, ETH, XRP, and LTC). Impacting the crypto market, of course, is the Federal Reserve. Jerome H. Powell, the Federal Reserve chair, signaled last Thursday that the central bank will continue raising interest rates and do everything in its power to fight rising inflation, stating: "The longer inflation remains well above target, the greater the risk that the public sees higher inflation as the norm." "History cautions strongly against prematurely loosening policy," added Powell. This was Powell's last public speech before the next interest rate decision by the Federal bank on September 20-21.
$30 Million Worth XRP Traded in 30 Minutes
