Bitcoin, Ethereum, Dogecoin Dip Ahead Of FOMC Meet: Analyst Says King Crypto Undergoing Correction, Suspects A ‘Bounce’ Within 24 Hours
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Published by
Benzinga
Benzinga
The cryptocurrency market experienced a decline on Tuesday evening, just before the U.S. interest rate decision that is expected to take place on Wednesday. What Happened: The Federal Reserve is widely anticipated to maintain the current range for Fed fund rates at 5.25%-5.5% following the conclusion of the Federal Open Market Committee (FOMC) meeting on Wednesday. This decision could come as the Consumer Price Index (CPI) inflation has shown a gradual decline in November. According to data from Coinglass, within the last 24 hours, over 70,162 traders were liquidated. The total amount of liqui…