🔥 FOMC Crypto Market Alert: Markets Turn Red Ahead of the Fed
Crypto slipped into risk-off mode today as traders brace for the FOMC decision. BTC fell to ~$92,166, $ETH e to $3,355, while XRP dropped 4.9% to $2.06.
BlackRock added fuel to the tension after moving 2,000+ BTC (~$200M) to Coinbase - a transfer timed hours before the Fed update. Markets are wondering: what does BlackRock expect?
History isn’t comforting either: BTC fell after 6 of the last 7 FOMC meetings, averaging a 0.7% decline in the following 48 hours.
Technically, $BTC lost the $93K support and now sits at a “make-or-break” zone. A hawkish Fed could spark sharp volatility in both directions.
Meanwhile, XRP faces extra pressure as RLUSD activity dropped 60%- though supply on Ethereum continues to grow, showing users may simply be shifting chains.
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🔥 FOMC Crypto Market Alert: Markets Turn Red Ahead of the Fed
Crypto slipped into risk-off mode today as traders brace for the FOMC decision. BTC fell to ~$92,166, $ETH e to $3,355, while XRP dropped 4.9% to $2.06.
BlackRock added fuel to the tension after moving 2,000+ BTC (~$200M) to Coinbase - a transfer timed hours before the Fed update. Markets are wondering: what does BlackRock expect?
History isn’t comforting either: BTC fell after 6 of the last 7 FOMC meetings, averaging a 0.7% decline in the following 48 hours.
Technically, $BTC lost the $93K support and now sits at a “make-or-break” zone. A hawkish Fed could spark sharp volatility in both directions.
Meanwhile, XRP faces extra pressure as RLUSD activity dropped 60%- though supply on Ethereum continues to grow, showing users may simply be shifting chains.