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

1 min read
Source: CoinDesk
Bitcoin and Ether trade flat as traders brace for potential correction.
Photo: CoinDesk
TL;DR

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.

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