Crypto Today: Bitcoin, Ethereum, XRP fall back amid deteriorating sentiment, ETF outflows
Cryptocurrency prices are correcting on Tuesday, with Bitcoin trading below $77,000 and Ethereum dropping below $2,300 amid risk-off sentiment and ETF outflows. The Fear & Greed Index fell to 33, indicating cautious investor sentiment ahead of the Federal Reserve's monetary policy decision.
Cryptocurrency prices are broadly correcting, with Bitcoin trading below $77,000. Bitcoin spot ETFs recorded $263 million in outflows on Monday, breaking a nine-day bullish streak. Ethereum also faced outflows, totaling $50 million, as it dropped below $2,300. The Fear & Greed Index fell to 33, indicating cautious investor sentiment. Investors are awaiting the Federal Reserve's monetary policy decision on Wednesday, expected to remain unchanged at 3.50%-3.75%. The Fed Chair's post-meeting press conference will be closely watched for policy direction clues amid the ongoing Middle East conflict and rising inflation.
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