Dogecoin (DOGE) is trading in the red below $0.08500 for the fourth straight day as broader market interest shifts toward real-world utility tokens. The meme coin is losing retail strength despite a mild institutional inflow on Wednesday after 10 days of silence.
The USD/CHF remains steady on Wednesday as market participants await the US central bank's monetary policy decision, with the Federal Reserve expected to hold rates unchanged. At the time of writing, the pair trades at 0.7932, flattish.
The Japanese Yen (JPY) remains under pressure despite the Bank of Japan’s latest rate hike, with analysts highlighting that the move has not been enough to trigger a sustained recovery for the Japanese currency.