Bitcoin (BTC) and ether (ETH) were mimicking the dullness of traditional finance ahead of Wednesday’s key FOMC rate decision during the Asia trading day. The world’s largest digital asset changed virtual hands at $29,213 according to CoinDesk data. Bitcoin zoomed above $30,000 about a month ago after finance giant BlackRock's application for a bitcoin ETF spurred speculation. But it's been stuck around that level ever since, partly due to worry about the Fed's looming July 26 decision – a likely 25 basis point (bps) rate increase. According to Coinglass data, $5.68 million short positions have been liquidated in the last 12 hours versus $9.3 million in longs.
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