First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting

Posted on by American Coins & Gold

First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting
(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin fell as investor jitters grew over the upcoming Fed decision on combating inflation.Technician’s take: A breakdown in BTC could damage the intermediate-term trend despite oversold signals.PricesBitcoin (BTC): $46,963 -6.7%Ether (ETH): $3,800 -8.75%MarketsS&P 500: $4,668 -0.9%Dow Jones Industrial Average: $35,650 -0.8%Nasdaq: $15,413 -1.3%Gold: $1,786 0.2%Market movesBitcoin fell by more than 7% on Monday, the biggest daily percentage drop since Dec. 4, as stocks in the U.S. also declined ahead of a Federal Reserve monetary policy decision later this week.The Fed is expected to release its decision on Wednesday on…