Investors awaits Feds decisions before moving the market
Bitcoin and other major cryptos have mostly been volatile since yesterday even as investors maintained their anxious vigil ahead of Federal Reserve Chair Jerome Powell's scheduled meeting on Wednesday about the new policy on the central bank's direction on monetary policy.
Bitcoin was recently trading at about $24,800, approximately where it has been trading at over the past 24 hours. The largest crypto by market value has lost about 0.7% over the past 24 hours amid a wider crypto sell-off that has dropped all crypto assets total capitalization below.
Prices: Bitcoin and ether rise, but the wait for Fed Chairman Jerome Powell's. next signals on interest rates continues.
Insights: The International Monetary Fund sees an increasing correlation between crypto and Asian equities and is concerned.
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