Most cryptocurrencies fall ahead of Fed meeting

Digital currencies

Cryptocurrencies mostly traded lower today, Sept. 15, as markets are awaiting this week’s Federal Reserve meeting on US monetary policy.

Bitcoin inched up 0.1% to $115,748 at 10:49 pm Makkah time, capturing about 57.2% of the total cryptocurrency market value.

Ethereum, the second-largest cryptocurrency by market capitalization, slipped 0.4% to $4,601.10, while Ripple fell 0.6% to $3.0221.

The global crypto market cap exceeded $4 trillion, with total trading volume over the past 24 hours reaching $134.77 billion, according to CoinMarketCap data.

Meanwhile, CME FedWatch Tool showed that expectations of a 25-basis-point rate cut at the Fed’s September 16–17 meeting rose to 94.2%, up from 85.4% a month ago, while the probability of a 50-basis-point cut stood at 5.8%.