Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.
Cardano (ADA) price hovers above $0.1700 at press time on Wednesday, but the two consecutive days of losses cap the momentum in its short-term recovery. The pullback weighs down on the retail sentiment and forms a bearish flag pattern, with a 14% downside risk toward the June 6 low at $0.1486.
Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin (BTC) has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.