Bitcoin Approaches $90,000... Market Remains Cautious Ahead of FOMC [Crypto Briefing]

[Financial News] Bitcoin (BTC) was trading near the $90,000 mark on the 9th. The market appears to be taking a wait-and-see approach ahead of the Federal Open Market Committee (FOMC) meeting.
According to CoinMarketCap, BTC was trading at around $90,000 as of 10 a.m., up 0.08% over the previous 24 hours. Over the past week, BTC has risen by 4.37%.
BTC was also trading at approximately 134 million KRW on the Korean won market. According to Cryprice, a global digital asset comparison platform, the Korea premium stood at 1.25%.
The Federal Reserve System (Fed) will hold the FOMC for two days starting on the 9th to decide whether to cut the benchmark interest rate. The market expects a 0.25 percentage point reduction. However, there is also caution regarding Jerome Hayden Powell's stance on next year's rate policy.
The New York Stock Exchange (NYSE) also entered a wait-and-see mode. On the 8th, the Dow Jones Industrial Average (DJIA) closed at 47,739.32, down 215.67 points (0.45%) from the previous session. The S&P 500 Index (S&P 500) ended at 6,846.51, down 23.89 points (0.35%), while the Nasdaq Stock Market (Nasdaq) finished at 23,545.90, down 32.22 points (0.14%).
CoinMarketCap's 'Crypto Fear & Greed Index' showed a reading of 25, indicating 'fear.' The index ranges from 0 to 100, with values closer to 0 signifying 'extreme fear' and those near 100 representing 'extreme greed.'
At the same time, Ethereum was trading at $3,118, up 1.73% from the previous day. Ripple rose 1.38% to $2.07.

yimsh0214@fnnews.com Im Sang-hyuk Reporter