Crypto Markets Retreat Ahead of Fed Rate Decision
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are experiencing a pullback as investors await the Federal Reserve's interest rate decision. The Clarity Act failed to advance in the Senate, contributing to the decline.
BTC has corrected by over 3% but remains above its key EMAs, indicating an underlying uptrend. The Relative Strength Index (RSI) is around 49, and the Moving Average Convergence Divergence (MACD) stays negative, suggesting bullish structure remains intact.
Ethereum's momentum has cooled, with ETH holding above its key EMAs but retaining a broadly constructive bias. However, momentum has slowed down, as the RSI sits near neutral 50 and the MACD remains negative.
XRP shows a cautiously bearish tone, remaining capped well below the 200-day EMA at $1.353. The RSI hovers just below the 50 line, while the MACD stays in negative territory, hinting that upside momentum is fading.