Cryptocurrency Prices Slightly Higher as Investors Brace for Fed Meeting

The cryptocurrency marketplace is presently in a bearish trend, however the charge of bitcoin and different important cryptocurrencies has began out to get over the current dip.

Cryptocurrency expenses had been on a regular downtrend on the grounds that early February, while the Securities and Exchange Commission (SEC) introduced that it'd put off its selection on whether or not to approve a bitcoin ETF software via way of means of VanEck and SolidX.

The SEC`s selection changed into met with complaint via way of means of many buyers and analysts who stated that the regulator changed into being too strict in its approval procedure for virtual assets. The companies, however, are not giving up on their ETF software and plan to resubmit their thought after exploring options.

Other elements that contributed to Bitcoin's current drop consist of information that South Korea might be banning nameless cryptocurrency buying and selling bills and rumors that China may also ban all cryptocurrency exchanges.