• Bitcoin (BTC) recently traded at around $22,700 after a 4% drop in the past 24 hours.
• Equities closed lower as traders awaited the Federal Reserve’s decision on interest rates Wednesday.
• Arca Director of Trading and Operations Wes Hansen joined „All About Bitcoin“ to discuss the sustainability of bitcoin’s recent rally.
Bitcoin Price Drops Below $23K
Bitcoin (BTC) was recently trading at about $22,700, down more than 4% over the past 24 hours and well off its high Sunday near $24,000. Bitcoin-related funds dominated last week’s digital-asset investment products inflows, accounting for almost all of the $117 million coming in.
Equities Close Lower Ahead of Fed Meeting
Equities closed lower as traders awaited the Federal Reserve’s decision on interest rates Wednesday and studied a flurry of fourth-quarter earnings reports from big techs including Apple and Meta. The tech-heavy Nasdaq Composite closed down 1.9%, while the S&P 500 and the Dow Jones Industrial Average (DJIA) fell 1.3% and 0.7%, respectively.
Arca Director Discusses Bitcoin Rally
Arca Director of Trading and Operations Wes Hansen joined „All About Bitcoin“ to discuss the sustainability of bitcoin’s recent rally, his outlook on how the upcoming Federal Open Market Committee (FOMC) decision will impact the crypto market, insights on bitcoin’s funding rates and its comparison to ether.
Sand Token Surges Before Unlock
The Sandbox’s SAND token surged ahead of its token unlock as investors anticipate potential gains from it being listed on exchanges.
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