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Crypto Market Awaits Fed Decision, Powell’s Statement; What to Expect
The cryptocurrency market has been volatile in recent times, with Bitcoin (BTC) and Ethereum (ETH) making significant gains. However, the market is now in a state of anticipation, awaiting the outcome of the Federal Reserve’s decision and Jerome Powell’s statement.
According to CoinMarketCap, the prices of major cryptocurrencies have fluctuated significantly over the past few hours, as investors wait with bated breath for the Fed’s announcement. Bitcoin’s price has risen 1.41% in the last 24 hours, reaching a new record high of $103,926. Meanwhile, Ethereum’s price rose by 1.62% to $3,951.
The majority of cryptocurrency assets, however, have traded in the red, with XRP, Shiba Inu, Toncoin, and BONK losing between 2% and 4%. On the other hand, SUI, BGB, Fantom, and RUNE gained between 4% and 15%.
The market is now eagerly awaiting the outcome of the Fed’s decision, which could have a significant impact on the overall sentiment. The anticipation has led to increased volatility in the cryptocurrency markets.
It is essential for investors to remain informed about market trends and potential changes that may affect their portfolios.
Source: u.today
