Crypto Prices Remain Volatile

Crypto prices are currently in a wavy state, with Bitcoin and Ethereum struggling for momentum. Bitcoin price has pulled back from the $60,000 level, while Ethereum has retraced from $2,400. However, Bitcoin is still trading within the $58,000 to $60,000 support band.

Eyes on FOMC Meeting

The upcoming FOMC meeting on September 18 will be a key event for the crypto markets. Investors will be closely watching the Federal Reserve's interest rate announcement and the subsequent press conference by Chair Jerome Powell. A dovish stance from the Fed, indicating further rate cuts, could potentially trigger a rally in Bitcoin and other value-preserving assets.

Awaiting Fed's Policy Guidance

The crypto community is eagerly anticipating the FOMC meeting, as it will provide crucial insights into the Federal Reserve's future monetary policy plans. The interest rate decision and Powell's comments will be closely analyzed to gauge the potential impact on the crypto markets.

Source: https://99bitcoins.com/news/crypto-markets-brace-for-fomc-heres-everything-to-know-about-fomc-this-week/

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