Cryptocurrencies fall ahead of Fed minutes
Crypto prices fall as investors await the Fed's latest meeting minutes
Cryptocurrency prices declined on Wednesday as investors awaited the release of the Federal Reserve's latest meeting minutes for clues on the direction of interest rates this year, while also monitoring escalating tensions in the Middle East.
The US Central Command announced that the US had launched a series of major strikes against Iran in response to attacks targeting three commercial vessels sailing through the Strait of Hormuz.
Bitcoin extended its losses as it remained under pressure after failing to reclaim the $64,000 resistance level.
|
Changes in Selected Cryptocurrencies |
|||
|
Cryptocurrency |
Price (USD) |
Change (USD) |
Change (%) |
|
BTC |
62,653.75 |
-1,092.64 |
-1.68% |
|
ETH |
1,748.76 |
-37.57 |
-2.11% |
|
XRP |
1.0903 |
-0.0274 |
-2.45% |
*Prices as of 10:16 a.m. Makkah time.
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