Bitcoin Holds Steady at $92,000 Ahead of FOMC Meeting [Crypto Briefing]

[Financial News] Bitcoin (BTC) remained steady around the $92,000 level on the 5th, ahead of next week's Federal Open Market Committee (FOMC) meeting.
According to global digital asset information platform CoinMarketCap, BTC was trading at around $92,000 as of 10 a.m., down 0.87% over the past 24 hours. Over the past week, BTC has risen by 1.23%.
On the Korean won market, BTC is trading at approximately 138 million KRW (about $103,800). According to global digital asset comparison platform Cryprice, the Korea premium stands at 1.35%.
The Federal Reserve System (Fed) plans to hold the FOMC meeting on the 9th and 10th (local time) to decide whether to lower the benchmark interest rate. The market is anticipating a rate cut. On the 3rd (local time), Automatic Data Processing, Inc. (ADP) reported that private sector employment fell by 32,000 last month. As the labor market slows, expectations for a rate cut to boost liquidity are rising.
The New York stock market also entered a wait-and-see mode. On the 4th (local time), the Dow Jones Industrial Average (DJIA) closed slightly lower at 47,850.94, down 31.96 points (0.07%) from the previous day. The S&P 500 Index (S&P 500) rose 7.40 points (0.11%) to 6,857.12, while the Nasdaq Stock Market (Nasdaq) climbed 51.04 points (0.22%) to finish at 23,505.14.
At the same time, Ethereum was trading at $3,146, down 1.64% from the previous day. Ripple was trading at $2.10, down 4.24%.

yimsh0214@fnnews.com Im Sang-hyuk Reporter