Bitcoin Remains Stable As Fed Policy Decision Approaches; Ethereum and Others Decline
Leading cryptocurrencies performed differently from stock markets on Monday, as investors became more cautious before the Federal Reserve's interest rate announcement.
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Cryptocurrency markets showed mixed performance on Monday with modest price changes ahead of the Federal Reserve's interest rate decision. Bitcoin traded around $115,274 while Ethereum fluctuated between $4,470 and $4,500. The overall market capitalization decreased by 0.82% to $4 trillion.
More than $400 million was liquidated from cryptocurrency positions. Bitcoin's market dominance fell to 57.5% while Ethereum's share increased slightly to 13.7%. Notable performers included OpenxAI Network (+136.69%) and Avantis (+52.18%).
Stock markets showed positive momentum with the S&P 500 rising 0.5%. Analysts expect a 95.9% probability of a 0.25% rate cut, and Ethereum shows strong support around $3,800-$4,000.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47682976/bitcoin-flat-as-fed-policy-meet-looms-ethereum-dogecoin-xrp-decline-analyst-flags-support-w