Bitcoin, Ethereum Drop, Dogecoin Flat: Analyst Sees ‘Peak Crypto Pessimism’ Setting In Ahead Of ‘Fed’s Fireworks’

Major coins dropped lower on Tuesday evening as the global cryptocurrency market cap fell 2.5% to $921.9 billion. Bitcoin and ETH traded lower ahead of the Federal Open Market Committee (FOMC) meeting due on Wednesday. S&P 500 and Nasdaq closed 1.1% and 0.95% lower, respectively, while at the time of writing, U.S. stock futures were marginally higher. The probability of a 75-basis point rate hike was at 82%, according to the CME FedWatch Tool.

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