Ahead of the US Federal Reserve policy decision later in the day, major crypto tokens were trading mixed with a negative bias on Wednesday. At 12.20 p.m., Bitcoin was trading 0.79% lower at $42,954, while Ethereum was up 1.3% at $2,332. Meanwhile, the global cryptocurrency market cap declined 0.61% to around $1.65 trillion in the last 24 hours. All eyes are on the Federal Reserve's decision on interest rates today, widely anticipated to stay the same. In today's trade, altcoins such as BNB, Solana, XRP, Cardano, Avalanche, Dogecoin, Polkadot, Toncoin, Internet Computer and Shiba Inu declined 2-4%. While Tron, Chainlink, and Polygon rose 1-5%.
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