Bitcoin Stays Around $113K as Traders Await Fed Decision
- Bitcoin is trading near $113,000, up by 4.5% over the past week but down 0.7% in the last 24 hours.
- Ether (ETH) is priced at $4,028, reflecting a 1.4% decline.
- XRP remains stable near $2.62, continuing a strong performance over the past week.
- The Federal Open Market Committee (FOMC) meeting on Oct. 28–29 is expected to result in a benchmark rate cut of 25 basis points.
- Total cryptocurrency market capitalization stands at approximately $3.9 trillion.
Traders are cautious due to tightening liquidity and macroeconomic uncertainties, with early signs of stress among U.S. regional banks impacting market depth across exchanges.
Despite recent fluctuations, Bitcoin’s technical indicators remain positive as it holds above key moving averages, with resistance noted around the $117K–$120K range.
