Crypto Market Rises Amid Fed Decision and Ripple/Cardano Boost
TL;DR Summary
Bitcoin remains above $28,000 as the Federal Reserve's Federal Open Market Committee (FOMC) begins its two-day monetary policy meeting to decide on whether to increase interest rates. The CME FedWatch Tool shows that over 87% of traders are predicting a 25 basis point rate hike on Wednesday. Traditional markets also turned green amid a banking rally and improved investor optimism. Bitcoin has surged more than 15% over the past seven days and 69% so far this year, outperforming a range of securities, indices, and commodity assets.
- Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound CoinDesk
- Bitcoin Prices Slips. The Fed Decision Will Be a Key Moment for Cryptos. Barron's
- Bitcoin, ether build on recent gains as investors await Fed rate hike decision CNBC
- Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high Cointelegraph
- Largest cryptocurrencies climb on Ripple, Cardano increases MarketWatch
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