welcome
CoinGape

CoinGape

Business

Business & Economics

Cryptocurrencies Price Prediction as US Banks' Unrealized Loss Hits $500B Ahead of Fed's Interest Rate Decision

CoinGape
Summary
Nutrition label

61% Informative

Bitcoin, ETH , XRP , Cardano and most altcoins have been trading lower due to macroeconomic fears.

$ 500B unrealized losses facing US banks are causing a gloomy cryptocurrencies price prediction.

Bitcoin price teasing a sub-$80K drop ahead of the Federal Reserve’s decision on interest rates.

99% of investors on CME expect that the Fed will leave rates unchanged at 4.25% to 4.50% .

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.