The cryptocurrency market, which started the new business week on the right foot, lost some ground over the past 24 0 (BTC) briefly dipped to almost $112,000, while Ethereum (ETH) and many other leading altcoins have also posted 1 Network’s PI is in the opposite corner with a double-digit 2 Slips Ahead of Fed’s Decision The primary cryptocurrency registered an impressive uptick on Monday (October 27), temporarily climbing above $116,000. It surpassed that level yesterday, too, but since then, BTC has been in an evident 3 hours ago, the price tumbled to approximately $112,300. The bulls managed to reclaim some lost ground, and as of this writing, Bitcoin is hovering around $113,000, representing a 1.2% decline on a daily 4 Price,), and we will see how the official announcement impacts the crypto 5 to some analysts, Bitcoin is at a crossroads and its valuation could either shoot above $120,000 or collapse well below $100K.
Lower interest rates are generally considered good news for bulls, as they could dampen investor appetite for traditional financial products and encourage investment in digital 6 BTC’s price retreat over the past 24 hours, its market capitalization has headed south to around $2.25 trillion, while its dominance over the altcoins stands at nearly 59%. PI Enters Green Territory Ethereum (ETH) has followed BTC’s footsteps, plunging by 3% to under $4,000. Solana (SOL), Bittensor (TAO), Sui (SUI), Hedera (HBAR), and Ethena (ENA) are also among the biggest losers, with declines of 4-7%. Somewhat surprisingly, Pi Network’s native cryptocurrency is the best-performing digital asset (from the top 100 club) today, with its price spiking by 15% to $0.26.
Other notable gainers include TRUMP (+13%) and M (+4%). The total cryptocurrency market capitalization has retraced by 1.7% in the last day to around $3.88 7 Market Overview,) Plunges Before the FOMC Meeting, Pi Network (PI) Soars by 15%: Market Watch appeared first on CryptoPotato .
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