Bitcoin Cautious Ahead of FOMC, Falls to the $76,000 Range [Crypto Briefing]

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\r\n[Financial News] Bitcoin fell to the $76,000 range on the 29th, ahead of the Federal Open Market Committee (FOMC) meeting in the United States.
According to global crypto data platform CoinMarketCap, Bitcoin was trading in the $76,000 range at 10:20 a.m. that day, down 1.36% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 0.10%.
Bitcoin is trading in the 113 million won range on Korean exchanges. Based on global crypto market comparison platform Cryprice, the Korean premium stands at 0.89%.
The crypto market is closely watching the FOMC meeting that began on the 28th local time. The benchmark interest rate decision is expected to be announced at 3 a.m. on the 30th, Korea time.
This meeting will be the last FOMC chaired by Jerome Hayden Powell, chair of the Federal Reserve System (Fed), and markets are leaning toward a decision to keep rates unchanged. However, some are raising concerns that the war could create a negative mood around future rate cuts.
The Crypto Fear and Greed Index, provided by CoinMarketCap, stood at 41 on the day, indicating "neutral." The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading in the $2,283 range, down 1.05% from the previous day. Ripple (XRP) was trading in the $1.37 range, down 1.38%.
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yimsh0214@fnnews.com Im Sang-hyeok Reporter