Bitcoin, Ethereum, XRP, Dogecoin Wobble On Wednesday Ahead Of FOMC Meeting

Bitcoin is hovered around $113,000 on Wednesday morning, as Polymarket traders assign a 98% probability of a 25-basis points rate cut at today’s Federal Reserve meeting.

Over the past 24 hours, total crypto liquidations reached $514.22 million, affecting more than 140,000 traders.

Despite market caution, Bitcoin ETFs drew $202.5 million in net inflows and Ethereum ETFs added $246 million on Tuesday.

Is Bitcoin Undervalued?

Crypto chart analyst Ali Martinez noted that the TD Sequential indicator, which accurately called Bitcoin’s major swings in recent months, is now flashing a new sell signal.

It correctly called July’s 7% correction, August’s 13% drop, September’s 10% and 15% rebounds …

Full story available on Benzinga.com