Bitcoin Dips Below $23K Ahead of Fed’s Meeting: Markets Crypto Today

• Bitcoin (BTC) recently trading at about $22,700, down more than 4% over the past 24 hours.
• Equities closed lower as traders awaited the Federal Reserve’s decision on interest rates Wednesday and studied a flurry of fourth-quarter earnings reports from big techs including Apple and Meta.
• LayerZero co-founder denying accusations from a competitor that it covered up the existence of a critical “backdoor” vulnerability in its code.

Crypto Markets Today

Bitcoin (BTC) recently trading at about $22,700, down more than 4% over the past 24 hours and well off its high Sunday near $24,000. The Sandbox’s SAND token surged ahead of its token unlock. Equities closed lower as traders awaited the Federal Reserve’s decision on interest rates Wednesday and studied a flurry of fourth-quarter earnings reports from big techs including Apple and Meta.

Bitcoin Price

The largest cryptocurrency by market value was recently trading at about $22,700, down more than 4% over the past 24 hours and well off its high Sunday near $24,000. Bitcoin-related funds dominated last week’s digital-asset investment products inflows, accounting for almost all of the $117 million coming in. Prices as of about 4 p.m. ET were CoinDesk Market Index (CMI) 1,065.79 −55.7 ▼ 5.0%, Ethereum (ETH) $1,555 −89.5 ▼ 5.4%, S&P 500 daily close 4,017