Bitcoin and ether are holding steady ahead of crucial economic indicators and the Fed's last interest rate decision of the year.
Crypto-related stocks sank throughout the week. Coinbase and Silvergate registered double-digit losses.
Bitcoin and ether are trading higher ahead of U.S. inflation data and the Fed's latest interest rate decision. Crypto stocks sank throughout the week. Bitcoin was changing hands at about $17,108 at 3:30 p.m. EST on Sunday, representing a rise of about 1.4% over the past week. Ether was doing somewhat better, up 2% in the same period. ETH was trading at roughly $1,265.Altcoins were less consistent, with several dropping over the week. Binance's BNB slipped 0.5%, Ripple's XRP fell 1% and dogecoin dipped 4.4%.
The Federal Open Market Committee is expected to announce an interest rate increase of 50 basis points on Wednesday. The increase would bring the Fed funds target rate range to between 4.25% to 4.5%. The CME's group's FedWatch tool — which analyzes Fed funds futures pricing data —
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