Posted 12/11/2023, 8:33:24 PM
Cryptocurrencies Retreat as Traders Take Profits Ahead of Fed Meeting
- Dogecoin is down 7.2% Monday as major cryptocurrencies see a pullback
- Bitcoin has also fallen to around $40,200, suggesting traders are taking profits
- Recent crypto strength follows growing institutional interest like a potential Ethereum ETF
- The crypto market awaits the final 2023 FOMC meeting and inflation data next week
- If the Fed holds rates steady again, it could boost Bitcoin prices like last time