Bitcoin, Ethereum, XRP, Dogecoin Hold Ahead Of Pivotal FOMC Meeting

Cryptocurrency markets are trading sideways on Wednesday morning as investors await the Federal Reserve’s interest rate decision.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $116,312.63
Ethereum (CRYPTO: ETH) $4,482.73
Solana (CRYPTO: SOL) $234.29
XRP (CRYPTO: XRP) $3.01
Dogecoin (CRYPTO: DOGE) $0.2652
Shiba Inu (CRYPTO: SHIB) $0.00001297

Notable Statistics:

  • Coinglass data shows 101,290 traders were liquidated in the past 24 hours for $214.12 million.    
  • SoSoValue data shows net inflows of $292.3 million into spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $61.7 million.

Trader Notes: Crypto trader Poseidon said he plans to enter long positions if Bitcoin dips below $113,500 during the FOMC event. He marked $119,000 as strong resistance, expecting volatility on both sides, but doubts BTC will fall under $110,000, maintaining a bullish outlook overall.

Crypto chart analyst Ali Martinez cautioned that long positions and …

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