bitcoin has begun edging higher ahead of the upcoming Fed rate decision. $SOL, $COMP, $OGN and $CVX are among the day's big gainers, while $LDO and $AMP are sporting sizable price slumps. LedesmaLyllah reports
"Inflation and rate concerns could be what [has been] keeping crypto prices depressed," Noelle Acheson wrote in her"Crypto is Macro" newsletter Tuesday."These usually recover relatively quickly, but the new lower BTC level seems to be holding, reinforcing the idea that there are just not enough new buyers ready to take positions yet."
"Today's FOMC presser commentary could prove to be a crucial factor, potentially shaking both ETH and BTC out of their current consolidation patterns," said Sean Farrell, head of digital asset research and strategy a FundStrat."As investors eagerly await the outcome, the question remains whether the market will finally break free from its lackluster state or continue to remain subdued," he added.
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