Crypto markets see steep sell-offs as Fed meeting looms
A MIX of regulatory uncertainty surrounding Trump administration policies, disruptions from rapid AI advancements in the tech sector, and nervous anticipation ahead of this week’s Federal Reserve interest rate meeting is weighing on investor sentiment, according to analysts.
Bitcoin briefly dipped below the $100,000 mark over the weekend, hitting a daily low of around $97,000 yesterday before recovering slightly to trade at $98,750 this morning.
Ethereum and other altcoins have seen steeper losses overnight, with notable pullbacks in Optimism (OP) and Algorand (ALGO), which are down in price by 17% and 14%, respectively.
This week’s Federal Reserve meeting looms large, as markets widely anticipate that interest rates will remain unchanged, a shift from earlier expectations of multiple cuts in 2025. How will markets react to the latest signals from policymakers? Stay tuned.
In the markets
🌦️The Data...
Total crypto market cap
$3.37 trillion (-6.67%)
What Bitcoin did yesterday
Daily high $105,225 | Daily low $97,791
Bitcoin market capitalisation
$1.95 trillion (-5.9%)
Bitcoin 24-hour trading volume
$49.37 billion (+131%)
SP500
-0.29
Fear and Greed Index
The Fear and Greed Index measures volatility, market momentum/ volume, social media, surveys, dominance, and Google search trends to gauge market sentiment.
Bitcoin Relative Strength Index (RSI) (14)
49
Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price, while 30 or below indicates an oversold or undervalued condition.
Post Script…
Cautionary Notes
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
