Bitcoin Dominance Soars Ahead of FOMC as Volatility Burst Looms, Says Analyst
Bitcoin (BTC) tightened its grip on the crypto market on Tuesday, with dominance surging to fresh four-year high as crypto traders rotated into the market’s anchor asset ahead of tomorrow’s key Federal Reserve policy meeting.
BTC held steady around the $94,000-$95,000 area, up a modest 0.4% over the past 24 hours and extending a tight-range trading pattern that has persisted since the weekend.
Meanwhile, the broad-market CoinDesk 20 Index slipped 0.7% lower, with Ethereum’s ether (ETH), and native tokens of Sui (SUI), Aptos (APT) and Polygon (POL) dragging the benchmark lower.
A check on traditional markets showed stocks booking back-to-back losses, with the S&P 500 and the tech-heavy…
