Cryptocurrency markets remain volatile as traders await the awaited decision of the Federal Reserve Open Market Committee. Bitcoin fell to $27,680.79 on today's session, representing a dip from yesterday’s peak of $28,626.28. Ethereum also remained lower, moving close to a breakout below $1,800.

The Federal Reserve's decision on interest rates is anticipated to bring an increase by 0.25%, despite the slowdown in the United States economy. As bitcoin nearly collided with its recent price floor at $27,600, the Relative Strength Index (RSI) moved below the 50.00 mark. Ethereum continues to be under pressure, with prices falling below the long-term price floor of $1,830.

Evidence shows that the markets are intended to remain quietly stable, despite the declines of both cryptocurrencies. Ethereum’s Relative Strength Index is tracking at 44.30, which suggests that it could soon break out above $1,900. Bitcoin’s RSI is currently marked at 46.17.

Volatility of crypto markets will remain elevated until the outcome of tomorrow’s FOMC decision is released. Investors ought to take cautious steps to protect their portfolios. As trading is a high-risk activity, it might be advisable to wait before entering a position until more certain judgments can be drawn. Ethereum's upside break could even be postponed if the Fed's decision is not equal to market expectations.



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