Cryptocurrency majors edged lower as investors weighed the latest round of technology company earnings and looked ahead to next week's Federal Reserve meeting. Dogecoin led the decline, falling 4.5%, while ether dropped 2.5% in a broad but relatively modest retreat across major digital assets. Despite the pullback, most cryptocurrencies remain higher over the week, suggesting the sell-off reflects short-term caution rather than a sustained downturn. Market participants appear to be positioning cautiously ahead of the Fed's upcoming policy decision, which could influence risk appetite across both traditional and crypto markets. The retreat coincides with ongoing digestion of corporate earnings from the technology sector, an area closely watched by crypto investors given the asset class's tendency to move alongside broader risk sentiment. Analysts will monitor whether the weakness deepens or stabilizes as the Fed meeting approaches.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.