Thursday, March 30, 2023

Why is the crypto market down today? By Cointelegraph


The crypto market is down today, as market volatility increases ahead of the Feb. 1 Federal Open Market Committee (FOMC) meeting and a slew of negative news events weigh on , Ether and altcoin prices.

After jumping to new highs for 2023, Bitcoin (BTC) and Ether (ETH) retraced a portion of their recent gains.The primary downside catalyst appears to be investors’ apprehension over the upcoming FOMC decision on interest rates and similar pullbacks are also being seen across the stock market which is down.

Cryptocurrency market performance, daily timeframe: Coin360
Global economic health. Source: U.S. Bank