bearish
ISLAMABAD: The cryptocurrency market turned bearish on Wednesday as attention remained on the Federal Reserve’s Federal Open Market Committee (FOMC) meeting which will decide about interest rate, with the market capitalization losing 1.7 percent to reach $1.71 trillion. As of 1340 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, slipped to $42,626 with a decrease of 1.3 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $836 billion with this decrease. Bitcoin has been 6.6 percent up in the past seven days. Bitcoin dipped below the $43,000 mark early Wednesday after surpassing this level a day earlier. Should Bitcoin maintain its current price level until the month’s end, it will achieve its fifth consecutive monthly increase, marking the longest streak. This is likely to continue until Bitcoin halving takes place. TLTP
