Bitcoin, Ethereum, Dogecoin Trade Higher: Are Cryptos About To Shrug Off Fed’s Expected Rate Hike?

Bitcoin continues to face resistance at the $40,000 mark and failed to cross the level over the weekend. At press time, on Sunday evening, the apex coin traded higher over 24 hours as the global cryptocurrency market cap rose 3.2% to $1.75 trillion.​​

Price Performance Of Major Coins

Coin
24-hour
7-day
Price

Bitcoin (CRYPTO: BTC)
2.5%
-0.8%
$38,734.95

Ethereum (CRYPTO: ETH)
3.75%
-1.3%
$2,844

Dogecoin (CRYPTO: DOGE)
4%
4.3%
$0.13

Top 24-Hour Gainers (Data via CoinMarketCap)

Cryptocurrency
24-Hour % Change (+/-)
Price

Fantom (FTM)
+18%
$0.80

NEAR Protocol (NEAR)
+15.2%
$12.13

Harmony (ONE)
+14.7%
​​$0.85

See Also: How To Get Free NFTs

Why It Matters: Cryptocurrencies remain under pressure, along with tech stocks, as the market braces itself for upcoming monetary policy action from the U.S. Federal Reserve. 

The Federal Open Market Committee (FOMC) is set to begin a …

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