Crypto Market on Edge: Fed Decisions and US Elections Loom
TL;DR Summary
The cryptocurrency market is experiencing significant volatility ahead of the US elections and the upcoming Federal Open Market Committee (FOMC) meeting, with over $238 million liquidated in 24 hours. Bitcoin and Ethereum have seen price declines, contributing to massive liquidations in the derivatives market. The market anticipates a potential rate cut by the FOMC, which could boost crypto prices. Despite recent price drops, market sentiment remains bullish, as indicated by the Fear and Greed Index, suggesting traders expect further gains.
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- Fed rate cuts and its impact on crypto sector ETCISO.in
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