Crypto Market Update:-🔥🔥💥💥💥🚀
Current Prices
Bitcoin (BTC): $89, 237. 36, rose by 0. 85% over the last 24 hours BNB: $897, up 1. 6% over the last 24 hours Monero (XMR): $466, up 1. 9% over the last 24 hours
Cardano (ADA): $0. 3556, up 1. 2% over the last 24 hours
Market Trends
The crypto market has registered slight gains as it awaits the US Federal Reserve's decision on interest rates. The combined market capitalization of all cryptocurrencies rose by 0. 9% clocking $3. 09 trillion. The volume of trades has been low, thus reflecting the cautiousness of investors .
Fed Rate Decision
The Federal Reserve is anticipated to disclose its decision on interest rates today at 2:00 p. m. ET. The investors are of the opinion that the interest rates may remain the same and are keen on hearing about the next steps for monetary policy in the remarks by Chair Jerome Powell. If Chair Powell exhibits leniency, Bitcoin and other risky assets may rally but if he adopts a firm stance, the market may experience short, term selling pressure .
Analyst Views
Market analysts believe that the macroeconomic doubt, geopolitical risks, and a lack of institutional commitment might keep the price of Bitcoin and altcoins fluctuating within the existing price levels. A few speculate that Bitcoin will hover around $85, 000, $90, 000 for the time being but its price may go below this range if adverse factors continue to pile up.
#btc #bnb #ada #monero $ADA $BNB $BTC