Bitcoin Flat As Fed Policy Meet Looms; Ethereum, Dogecoin, XRP Decline: Analyst Flags Support Where They Plan To ‘Load Heavily’ On ETH
Leading cryptocurrencies diverged from stocks on Monday, as risk appetite eased ahead of the Federal Reserve’s interest rate decision.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.30% | $115,274.46 |
| Ethereum (CRYPTO: ETH) |
-1.31% | $4,528.91 |
| XRP (CRYPTO: XRP) | -0.92% | $2.99 |
| Solana (CRYPTO: SOL) | -2.09% | $235.14 |
| Dogecoin (CRYPTO: DOGE) | -2.83% | $0.2679 |
Risk Appetite Dims Ahead Of Fed Meet
Bitcoin crawled in the $115,000 region for much of the day, although trading volume shot up 52% in the 24-hour period. Ethereum was also rangebound, bouncing within a narrow range between $4,470 and $4,500.
Bitcoin’s dominance fell to 57.5%, while Ethereum’s market share rose marginally to 13.7%.
Over $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $330 million in long positions wiped out.
Bitcoin’s open interest experienced a modest gain of 0.02% in the last 24 hours, while funds locked in Ethereum derivatives rose 1.60%. The majority of Binance traders with open BTC positions were long, according to the Long/Short ratio.
The market sentiment remained “Neutral,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M)) | Gains +/- | Price (Recorded … |
|---|
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