Crypto Market Reels Under Fed Decision Looms
The cryptocurrency market is facing headwinds ahead of the Federal Reserve's monetary policy decision. Bitcoin (BTC) has declined for the second straight day and trades near $76,000.
Ethereum (ETH) is under pressure near lower support levels, weighed down by $141 million in ETF outflows from US-listed spot Exchange-Traded Funds (ETFs). XRP dips below the 50-day and 200-day Exponential Moving Averages (EMAs), moving in tandem with downtrending momentum indicators.
Cryptocurrency prices are broadly retreating, with Bitcoin holding near $75,000. Ethereum holds below the support-turned-resistance at $2,400 while remaining structurally resilient. Ripple (XRP) is trading lethargically below $1.30, suggesting growing risk-off sentiment after Monday's surge near $1.50.