Leading cryptocurrencies dipped on Sunday as investors braced for the Federal Reserve's decision on interest rates.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin BTC/USD | -1.60% | $82,939.09 |
| Ethereum ETH/USD | -2.00% | $1,899.03 |
| Dogecoin DOGE/USD | -3.62% | $0.1701 |
What Happened: Bitcoin witnessed a choppy trading day, oscillating between $85,000 and $82,000. The apex cryptocurrency recovered some losses last week, rising 2.21%.
The asset shed over 11% of its value in the first quarter, a stark contrast to the 51% returns it has provided on average.
Ethereum wiggled in the $1,860-$1,930 range throughout the day and was down over 7% in the last week. Its quarterly losses have widened to 42%.
Over $256 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $177 million.
Bitcoin's Open Interest fell 2.76% over the last 24 hours due to long liquidations. That said, the percentage of traders positioned long on the apex digital asset surged to 52%, according to the Long/Short Ratio, suggesting that traders bought the dip.
The market remained in the "Fear" zone, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| BinaryX (BNX) | +26.13% | $1.41 |
| Helium (HNT) | +3.38% | $3.20 |
| OKB (OKB) | +3.32% | $48.08 |
The global cryptocurrency market capitalization stood at $2.71 trillion, marking a 2% decrease over the previous day.
Stock futures edged lower Sunday evening. The Dow Jones Industrial Average Futures fell 156 points, or 0.37%, as of 8:45 p.m. EDT. Futures tied to the S&P 500 slid 0.45%, while Nasdaq 100 Futures dropped 0.51%
The market was coming off a losing week, with the Dow Jones Industrial Average and the S&P 500 falling 2.38% and 0.75%, respectively.
The Fed's policy meeting will be the focus of this week. According to the CME FedWatch tool, the central bank is widely expected to keep interest rates unchanged.
See More: Best Cryptocurrency Scanners
Analyst Notes: Widely followed cryptocurrency analyst Ali Martinez described $81,400 as a "big" test for Bitcoin, and if it remains above that level, the apex cryptocurrency’s upward trend will continue.
Martinez also noted an ascending triangle pattern for Bitcoin, predicting that a "sustained close" outside the triangle [∼ 84,500] could trigger an 8% upside.
Another popular cryptocurrency market commentator, Michaël van de Poppe, predicted a “strong and green” week if there's no altcoin dump on Monday.
Image via Shutterstock
Read Next:
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
