Bitcoin is hovering over $ 100,000, despite a decrease in 3.3 percent of the US Federal Open Market Committee meeting

The cryptocurrency market is witnessing significant fluctuations in prices, as the FOOM Open Market Committee (FOMC) is preparing to announce its decision to review interest rates. On Wednesday, the Bitcoin price saw a 3.33 percent decrease in international stock exchanges, trading at $ 102,185 (about 88.4 ru rupes) according to Coinmarketcap. In India, on stock exchanges like Buyucoin, BTC has faced a decrease in prices less than 2 percent, trading at $ 102,006 (about 88.3 ru rupes).

“The markets remain ready before FOMC decision, with the pricing of CME Fedwatch tools with a possibility of 99 percent of the lack of price reduction. Given the increasing uncertainty, it is expected that the fluctuation will remain high, and merchants are advised to exercise care.”

ether He fell side by side Bitcoin On global stock exchanges, ETH decreased by 2.80 percent to trade at $ 3.124 (about 2.70 rupees). National stock exchanges such as Coinswitch and Coindcx have shown that ETH prices have decreased by 3.50 percent, up to $ 3,373 (about 2.92 Cham rupees).

“ETHEREUM witnessed an about seven percent decrease in January, where it diverged from the broader encryption market and the upward path of Bitcoin. Despite this subjective performance, historical data indicates brighter expectations, where February and March were a strong months of ethereum. Analysts see the decrease Currently as part of a larger narration and a statement of the original.

Most of the encryption assets fell on Wednesday, including Solanaand Cardanoand Dokwinand CardanoAnd Collapse.

the Track encryption prices By gadgets 360 as shown Sheba Enoand Dottedand Bitcoin cashAnd Chronus It was cheaper on Wednesday.

The ceiling of the total encryption market has decreased by 1.17 percent in the past 24 hours. The evaluation of the sector is currently $ 3.47 trillion (about 3,00,40,871 rupees), according to Coinmarketcap.

“Despite the decline in inflation, it is still higher than the goal, which makes it possible for the Federal Reserve to maintain its standard price at 4.25 % -4.50 percent. If the Federal Reserve’s Chair takes a larger position, you may see Bitcoin and other and other Assets are some temporary fluctuations. “

A small value of encrypted currencies increased on Wednesday, such as rippleand pregnancyand Near the protocolAnd Leo Besides UNISWAP and Monero.

“Dealing with the flow of macroeconomics and market morale, traders must expect rapid changes in price movement as encryption markets respond to global financial developments,” said Avinash Shekhar, co -founder and CEO, PI42.

The cryptocurrency is an unorganized digital currency, not a legal tender and is subject to market risks. The information provided in the article is not intended and does not constitute financial advice, commercial advice, or any other advice or recommendation of any kind offered or approved by NDTV. NDTV will not be responsible for any loss of any investment based on any recommendation, expectations, or any other information contained in the article.