Price Point: Bitcoin was trading flat in line with stocks as investors await the Federal Reserve's interest rate decision on Wednesday.
Market Moves: Bitcoin investors will be focused on what Fed officials have to say Wednesday about "core inflation" more than on the interest rate decision itself.
Chart of the Day: Ether has broken out of a three-month bullish trendline.
Bitcoin (BTC) was holding steady at just above $19,000, as traders awaited an expected interest-rate hike later Wednesday by the Federal Reserve. (Scroll down to Market Moves for Omkar Godbole’s preview of the meeting.)
The largest cryptocurrency appeared to be moving in line with traditional markets, where investors were mostly staying on sidelines ahead of the meeting. The Fed decision is expected at 2 p.m. ET (18:00 UTC), followed by a press conference with Fed Chairman Jerome Powell.
Ether (ETH) was also little changed at just over $1,300 – ostensibly bringing relief to traders still reeling from last week’s 24%...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...