Bitcoin, Ethereum, XRP, Dogecoin Fall Ahead Of Fed Decision: Analyst Says Crypto ‘Preparing For Worst’ But ‘Generational Opportunity’ Awaits
Leading cryptocurrencies declined alongside stock futures on Sunday as investors prepared for the Federal Reserve’s first policy decision of the year.
| Cryptocurrency | Price (Recorded at 8:20 p.m. ET) | |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.09% | $87,263.76 |
| Ethereum (CRYPTO: ETH) |
-2.85% | $2,868.72 |
| XRP (CRYPTO: XRP) | -1.58% | $1.87 |
| Solana (CRYPTO: SOL) | -4.72% | $121.10 |
| Dogecoin (CRYPTO: DOGE) | -1.60% | $0.1219 |
Crypto Market In ‘Extreme Fear’
Bitcoin extended losses to fall below $87,000 before recovering some losses in the evening.
Ethereum also sank below $2,800, with trading volume tripling in the last 24 hours, indicating strong selling pressure. XRP and Dogecoin also recorded declines.
Over $600 million worth of levered longs was liquidated from the market in the last 24 hours, according to Coinglass.
Bitcoin’s open interest rose 0.02% in the last 24 hours, while nearly 75% of Binance traders with open BTC positions placed long bets.
“Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
| River (RIVER … |
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