Global Stock News

US Fed rate hike fears weigh on Bitcoin – TAO, ADA sustain gains

US Fed rate hike fears weigh on Bitcoin – TAO, ADA sustain gains

The broader cryptocurrency market maintains risk-off sentiment ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. Bitcoin (BTC) holds above $63,000 on Wednesday, while Bittensor (TAO) and Cardano (ADA) sustain gains from the previous day. 

US Fed rate decision raises concerns in the crypto market

CoinMarketCap’s Fear and Greed Index is at 35, stabilizing after reversing from the neutral zone boundary at 40 on Sunday. This suggests market sentiment is slipping toward a risk-off stance. Santiment data reaffirms fears linked to the US Fed rate decision on Wednesday at 2:00 PM Eastern Time, with social volume of a rate hike reaching 171, while the rate cuts or stays the same are down to 53 and 65,…

Source link

Share this article

Scroll to Top