Bitcoin trades at $77,000 mark as profit-taking weighs on market; September FOMC meeting to act as next catalyst
Bitcoin is currently hovering around $77,000 after a slight retreat from $78,000, influenced by profit-taking and market dynamics. The performance of major altcoins varied significantly, with some posting gains while others experienced declines. Meanwhile, global crypto market capitalization has seen a marginal rise to $2.73 trillion. Investors are keeping a close watch on the upcoming FOMC meeting, which is poised to trigger substantial market movements.
Bitcoin trades at $77,000 mark as profit-taking weighs on market; September FOMC meeting to act as next catalyst
What Happened
Bitcoin is currently hovering around $77,000 after a slight retreat from $78,000, influenced by profit-taking and market dynamics. The performance of major altcoins varied significantly, with some posting gains while others experienced declines. Meanwhile, global crypto market capitalization has seen a marginal rise to $2.73 trillion. Investors are keeping a close watch on the upcoming FOMC meeting, which is poised to trigger substantial market movements.
Key Details
Original reporting provided by Economic Times Markets.
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