Bitcoin Falls Below $26,000 Ahead Of Fed's Decision; XRP Becomes Top Loser
Portfolio Pulse from Lisa Levin
Bitcoin (BTC) fell below $26,000 ahead of the Federal Reserve's monetary policy decision, with Ethereum (ETH) also trading lower. Injective (INJ) was the top gainer, while XRP (XRP) was the biggest loser. The global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.4%.
June 14, 2023 | 1:46 pm
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NEGATIVE IMPACT
Bitcoin falls below $26,000 ahead of the Federal Reserve's monetary policy decision.
The decline in Bitcoin's price is likely due to investors' anticipation of the Federal Reserve's monetary policy decision. A change in interest rates or other policy shifts could impact the cryptocurrency market, causing short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum trades lower, falling below the key $1,800 mark.
Ethereum's price decline is likely influenced by the overall decline in the cryptocurrency market, as well as investors' anticipation of the Federal Reserve's monetary policy decision. A change in interest rates or other policy shifts could impact the cryptocurrency market, causing short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100