Overview

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Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Yesterday, Bitcoin registered a minor drop alongside other major Altcoins but wasn’t signed concerning the FOMC minutes. However, it is essential to note that the Hace 3 días Bitcoin price uptrend falters under $110,000 as markets await the Fed minutes to shed light on the direction of US monetary policy. Ethereum eyes a breakout from a rectangle Digital assets like Bitcoin BTC/USD and Ethereum ETH/USD have taken a nosedive ahead of the FOMC meeting, trading 2.1% and 3.6% down, respectively. XRP Bitcoin drops to $94,000, signaling potential for a larger market correction ahead of the FOMC meeting. Ethereum struggles to stay above $1,800, facing bearish

FOMC Minutes Released: What\'s Next for Bitcoin and Ethereum?

The latest Federal Open Market Committee (FOMC) minutes are out, and the cryptocurrency market, particularly Bitcoin and Ethereum, is reacting. Bitcoin extended recent declines on Feb. 22 as markets prepared for the release, and we\'re now analyzing the fallout. Yesterday, Bitcoin registered a minor drop alongside other major Altcoins, a precursor to the current volatility. While the immediate impact might not have been solely attributed to the FOMC minutes initially, their implications are now becoming clear.

The anticipation surrounding the Fed minutes was palpable, with many wondering if they would shed light on the direction of US monetary policy. As mentioned Hace 3 días, the Bitcoin price uptrend faltered under $110,000 as markets awaited this crucial information. The release has undoubtedly influenced market sentiment.

Digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) took a nosedive leading up to the FOMC meeting, trading down 2.1% and 3.6% respectively. This pre-emptive correction highlights the sensitivity of the crypto market to Federal Reserve announcements. We saw XRP struggle, and Bitcoin drops to $94,000, signaling potential for a larger market correction. This potential correction was certainly on traders\' minds as the minutes were released.

Currently, Ethereum eyes a breakout from a rectangle, a technical pattern that could signal a recovery. However, Ethereum struggles to stay above $1,800, facing bearish pressure. The direction Ethereum takes will likely depend heavily on how the market interprets the FOMC minutes in the coming days.

So, what lies ahead for Bitcoin and Ethereum? The FOMC minutes will be scrutinized for clues regarding future interest rate hikes and overall economic policy. A hawkish stance from the Fed could put further downward pressure on crypto prices, while a more dovish approach might offer some relief. Keep an eye on these key levels and prepare for continued volatility as the market digests the news.

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