BREATHING: Awaiting FED's Interest Rate Decision in Bitcoin and ETH!

Will the Fed raise interest rates?
There have been remarkable movements in the crypto money industry in recent days. The leading cryptocurrency Bitcoin (BTC), which experienced volatile decreases as of the first day of the week, also caused a significant loss of value in altcoins.
As of now, the eyes of the US Federal Reserve (FED) are turned to Bitcoin and altcoins. The fact that the FED will announce the new interest rate decision as of tomorrow night has increased the concerns of the investors.
Although it is considered certain that the FED will increase the interest rate by 25 basis points, a surprise decision as of tomorrow may change the situation.
BTC, which priced the possible hawkish statements of FED Chairman Jerome Powell with the declines he experienced as of yesterday, may start to gain value tomorrow evening.
What is the Latest Situation in Bitcoin and ETH?
At the time of writing, the leading cryptocurrency Bitcoin (BTC) is trading at $ 29,260. The leading altcoin Ethereum is positioned at $ 1,860.
Although Bitcoin is trading below the $29,500 support, Ethereum has not lost the $1,833 support in recent declines.
In the future, Bitcoin's recovery of $ 29,500 support and ETH's rise above $ 1,900 may lead to significant rises in altcoins.
It is recommended that our readers put a close stop on their crypto investments before the interest rate decision, which will be announced tomorrow evening at 21.00 CET.
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