Crypto market stabilizes as US Dollar Index tumbles ahead of FOMC decision
The crypto market stabilized on Monday, January 26, as gold and the stock market rose, and the US Dollar Index plunged ahead of the upcoming Federal Reserve interest rate decision.
Summary
- The crypto market pared back some of its earlier losses.
- The Bitcoin price rose to over $88,400 from the intraday low of $87,000.
- The US dollar index crashed to its lowest level since November.
Bitcoin (BTC) moved from the intraday low of $87,000 to $88,400, while Ethereum (ETH) rose and approached the key resistance at $3,000. The market capitalization of all coins moved back to $3 trillion.
Crypto market wavers as the US Dollar Index stumbles
Crypto prices stabilized…
