Bitcoin, Ethereum, XRP, Dogecoin Dip As Markets Await FOMC: ‘Don’t Get Fooled With Ongoing Correction,’ Trader Says

Cryptocurrency markets are trending lower on Tuesday as investors brace for tomorrow’s FOMC meeting.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $82,037.14 -3.1%
Ethereum (CRYPTO: ETH) $1,903.81 -2.1%
Solana (CRYPTO: SOL) $123.88 -5%
XRP (CRYPTO: XRP) $2.25 -4.8%
Dogecoin (CRYPTO: DOGE) $0.1657 -5.7%
Shiba Inu (CRYPTO: SHIB)  $0.00001242 -5%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 32.6% and daily active addresses growing by 16.1%. Transactions greater than $100,000 are up from 6,332 to 9,291 in a single day. Exchanges netflows are down by 426.1%.
  • Coinglass data reports 110,223 traders were liquidated in the past 24 hours for $209.24 million.
  • Crypto trader Ted Pillows noted that long-term holders purchased 167,000 BTC worth $13.9 billion. He believes Bitcoin will follow gold.

Notable Developments:

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