Crypto prices today are edging higher as traders position for the Federal Reserve’s December interest rate decision and a possible shift in liquidity conditions. The total cryptocurrency market value rose 3% to $3.
In most cases, crypto prices perform well when the Fed and other central banks cut interest rates. Not this time... the latest crypto crash is bucking the trend.
Ethereum (ETH) token soared to a high of $3,380 as the crypto market bounced back ahead of the Federal Reserve interest rate decision, scheduled on Wednesday.
Pepe (PEPE) jumped to the psychological point at $0.0000050, up by 28% from its November lows. The rebound brought its market cap to over $2.1 billion.