Cryptos continue to pare losses ahead of Fed decision

Bitcoin and ether continued to pare gains Tuesday while stocks trended upward ahead of Wednesday’s Federal Reserve decision. 

Bitcoin posted mild losses Tuesday afternoon, positioning the largest crypto more than 5% lower over the past five days. Ether was trading around 2.3% lower Tuesday, also extending a mild selloff that started Monday. 

Both cryptos managed to stay above key levels, though, with bitcoin (BTC) hovering around $41,000 and ether (ETH) sitting just below $2,200. 

In the altcoin space, Solana, after increasing more than 22% in three days earlier this month, also cooled down Tuesday. The rally, spurred by Solana-based liquid staking protocol Jito’s governance…

Read more on Blockworks

22.3K Reads