Bitcoin Falls to $76,931, Ethereum to $2,480 Ahead of Fed Meeting
- —Bitcoin opened at $78,181 but fell to $76,931 by 7:24 ET
- —Ethereum opened at $2,515 and declined to $2,480
- —The probability of a Fed rate hike rose to 92.5% from 69.4% on Friday
- —Rising energy prices due to the war with Iran add pressure
Why it matters: The outcome of the Fed meeting will determine the short-term trajectory of BTC and ETH: a rate hike could accelerate outflows from risk assets.
Source: Yahoo Finance Crypto