First Mover Asia: Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain

Posted on by American Coins & Gold

First Mover Asia: Crypto Traders Laying Low While Fed Ponders; Bitcoin, Ether Gain
(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin moved above $47,000 a day before a Fed decision on combating inflation.Technician’s take: Bitcoin’s tight price range could persist into the Asia trading day.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $48,304 +2.8%Ether (ETH): $3,843 +1.1%MarketsS&P 500: $4,634 -0.7%Dow Jones Industrial Average: $35,544 -0.3%Nasdaq: $15,237 -1.14%Gold: $1,771 -0.8%Market movesBitcoin recovered some losses from Monday, trading above $48,000 on Tuesday. But the optimism may be short-lived as trading volume remained low.Data compiled by CoinDesk shows that bitcoin’s trading volume across…