Bitcoin, Ethereum And Dogecoin Trade Muted In Wake Of Fed Decision: A Look At The Crypto's Into The Weekend
Portfolio Pulse from Melanie Schaffer
Bitcoin, Ethereum, and Dogecoin traded mostly flat during Friday's trading session following the Federal Reserve's decision to pause interest rate hikes. Economists are mixed on whether the Fed will apply a rate hike at the November and December meetings. The lower-than-average volume across the general market and the crypto sector indicates a possible period of consolidation. Bitcoin and Ethereum were consolidating with inside bar patterns, while Dogecoin dropped from Thursday’s low-of-day, negating its uptrend.

September 22, 2023 | 8:36 pm
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NEUTRAL IMPACT
Bitcoin traded mostly flat following the Federal Reserve's decision. The cryptocurrency was consolidating with inside bar patterns.
The Federal Reserve's decision to pause interest rate hikes has led to a period of consolidation for Bitcoin. This could potentially lead to a period of stability for the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Ethereum traded mostly flat following the Federal Reserve's decision. The cryptocurrency was consolidating with inside bar patterns.
The Federal Reserve's decision to pause interest rate hikes has led to a period of consolidation for Ethereum. This could potentially lead to a period of stability for the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin traded mostly flat but dropped from Thursday’s low-of-day, negating its uptrend.
Dogecoin dropped from Thursday’s low-of-day, negating its uptrend. This could potentially lead to a period of instability for the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100