Bitcoin and Ether trade flat as traders brace for potential correction.

Bitcoin and Ether opened the trading week in Asia flat, with Bitcoin up 0.7% to $29,404 and Ether down 0.5% to $1,892. The Consensus 2023 festival brought builders and investors to Austin, with attendees optimistic about the future of the crypto industry, despite regulatory obstacles. Traders are expecting a 25-basis-point rate hike in the Federal Open Market Committee meeting this week, which could lead to price swings. Other crypto majors, including Solana and Avalanche, were also flat.