Home Bitcoin, Ether Move Sideways Ahead Of Fed’s FOMC Meet

Bitcoin, Ether Move Sideways Ahead Of Fed’s FOMC Meet

Share
Share

Bitcoin, Ether Move Sideways Ahead Of Fed’s FOMC Meet 

By Kapil Rajyaguru

Leading cryptocurrencies maintained sideways movement Sunday evening as investors eyed the Fed’s interest rate decision and inflation data for guidance.

Bitcoin wobbled in the $69,000 zone after falling sharply on stronger-than-expected jobs data on Friday.

Ethereum witnessed a similar trajectory, with the world’s second-largest cryptocurrency consolidating in the $3,600 region.

In the past 24 hours, 26,965 traders were liquidated, with the total liquidations coming in at $41.52 million. Nearly equal amounts of long and short liquidations reflected the flatter trajectory.

The Open Interest in Bitcoin Futures rose 0.60%, mirroring the rise in spot price. On the other hand, Ethereum’s OI fell 0.72%. 

In the last 24 hours, the number of traders betting on Bitcoin’s price decline surged dramatically vis-à-vis those who took long positions, suggesting the dominance of bearish sentiment.

Toncoin is among the poorest performers as it has dropped by over 6% and sits well below $7. Substantial losses are evident from SOL, XRP, DOGE, SHIB, AVAX, DOR, BCH, and NEAR. 

The meme coins have felt some of their inevitable volatility as PEPE has dumped by 6% and WIF is down by more than 5%.

The global crypto market cap is $2.55T, a 0.80% increase over the last day. The total crypto market volume over the last 24 hours is $48.92B, which makes a 7.34% decrease. The total volume in DeFi is currently $4.33B, 8.86% of the total crypto market 24-hour volume. 

The volume of all stable coins is now $45.27B, which is 92.53% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 53.92%, a decrease of 0.03% over the day.

Share

Latest News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel "Pig Butchering" Network
News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel “Pig Butchering” Network

A massive, coordinated international law enforcement operation has struck a blow to the booming cryptocurrency scam industry. Authorities have arrested 276 people...

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions
News

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions

OKX has introduced an open standard for agent-led transactions, rolling out its Agent Payments Protocol (APP) to support full-cycle business activity handled...

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections
News

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections

Roundhill Investments is set to launch the first U.S. exchange-traded funds (ETFs) tied to prediction markets next week, with two other asset...

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal
News

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal

Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...