Bitcoin, Ethereum, Dogecoin Fall As Focus Turns To Fed Meet: Analyst Says Apex Crypto Could ‘Make A Run’ For $18K If This Happens – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)
, 2022-12-11 19:08:37,
Major coins traded in the red on Sunday evening as the global cryptocurrency market cap declined 0.6% to $849.2 billion.
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -0.7% | -1.6% | $17,016.77 |
| Ethereum ETH/USD | -1.6% | -0.6% | $1,258.81 |
| Dogecoin DOGE/USD | -4.3% | -11.4% | $0.09 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| Stacks (STX) | +2.5% | $0.28 |
| Trust Wallet Token (TWT) | +4.1% | $2.64 |
| GMX (GMX) | +1.6% | $54.95 |
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Why It Matters: Bitcoin and Ethereum were down at the time of writing while U.S. stock futures started the week on a weaker note as investors await a key policy meeting of the U.S. Federal Reserve.
On Tuesday, investors will receive the November consumer price index numbers and look for signs of inflation softening. The Federal Open Market Committee is due to begin its two-day meeting on the same day.
CME Fed Watch Tool data indicates that 73.5% of traders anticipate a 50 basis point rate hike on Wednesday.
Screenshot From The CME Fed Watch Tool
Alternative.me’s “Crypto Fear & Greed Index,” a measure of investor sentiment, was showing “Fear” at the time of writing. The Index flashed “Fear” last week as well.
“Bitcoin isn’t…
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