India, April 27 -- Weak sentiment prevails in cryptocurrency market amidst anxiety ahead of the looming interest rate decision by Federal Reserve to be announced on Wednesday. Overall crypto market capitalization has decreased close to half a percent in the past 24 hours.
The CME FedWatch tool that tracks the expectations of interest rate traders shows the likelihood of the Federal Reserve holding rates at 100 percent. Likewise, expectations of rates remaining at the current level of 3.50-3.75 percent remains high at 95.2 percent for the Fed decision scheduled for June 17, 2026.
The 24-hour liquidation statistics from Coinglass does not reveal wide divergence between long and short positions. Crypto liquidations - forced closure of a trad...