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Crypto market dip as Bitcoin and Ethereum slip ahead of US Fed meeting
Bitcoin at ~US$113,831 and Ethereum ~US$4,090 slip ahead of Fed meeting; crypto-investment products nonetheless see strong inflows.
Major cryptocurrencies fell modestly today as traders positioned ahead of the Federal Reserve meeting expected to announce a rate cut. Bitcoin hovered at around US$113,831 (-1.4 %) and Ethereum dropped to about US$4,090 (-3.7 %). Layer-2 blockchain tokens were hit harder, declining ~4.4 %. Overall crypto-market sentiment is neutral-improving, with inflows into crypto-investment products hitting US$921 million this week despite the price dip.