Bitcoin Dips after FOMC, Ethereum Eyes a Breakout while XRP Forms Bearish Pattern
The crypto market was shocked up by the Fed’s meeting yesterday. The Federal Reserve gave its decision not to cut the interest rate, and investors are taking caution, with some pulling back their funds from digital assets since no cut means the U.S dollar is steady.
Aside from Bitcoin, which saw its price dip after the news, the rest of the major cryptocurrencies like Ethereum and XRP didn’t really react much. However, the price actions over the next few days, together with some economic event like the ongoing conflict between Iran and Israel, might lead to either prolonged stability in the crypto market or sharp, volatile moves in either direction.
Bitcoin & Ethereum Sell Pressure Continues
According to data from CoinMarketCap,…
