Bitcoin in on hold for FED meeting
The desire of the pre-FED markets to escape from risky assets also affected the cryptocurrency market. Bitcoin, which came to the edge of $ 24,000 at the weekend, retreated to the level of $ 22,500.
Bitcoin has come back from the brink of $24,000. Bitcoin, which rose to the level of $ 23,900, was pulled to the levels of $ 22,500 yesterday due to the concerns caused by the sales from the global markets. As we entered a week of intense data flow, both the desire to escape from risky assets before the FED and the worse-than-expected balance sheets of some technology companies were the main reasons for the decline in the markets yesterday. In particular, the 2% decline in the US technology index Nasdaq on a daily basis affected the risk appetite negatively.
Bitcoin in on hold for Fed meeting
Bitcoin, which thus gave back the gains it received on Sunday, is at $ 22,750 in the morning. Ethereum, on the other hand, is retreating to $ 1550 levels, and finds buyers in the $ 1570 region in the morning. Volumeless movements may continue before the FED decision. Bitcoin and Ethereum dominances have experienced some pullback. Bitcoin dominance is 44.3%, while Ethereum dominance is priced at 19.3%. The total market value of the crypto money market is at the level of 1 trillion 40 billion dollars, despite yesterday's pullback. The volatility in the crypto money market, which is expected to be highly affected by the macro data set this week, may increase up and down, especially after Wednesday. The Conference Board consumer confidence index will be on the agenda of the markets today. However, the main agenda items will continue to be the Fed's interest rate decision, which will be announced tomorrow, and the US Non-Farm Employment data, which will be announced on Friday.
