Crypto Market Update
Over the past 24 hours, the cryptocurrency market has experienced notable movements, driven by broader market trends and individual coin developments:


Bitcoin $BTC

Price Movement: BTC is trading at $101,714, down 3.0% from the previous close.Intraday Range: High of $104,986, low of $98,809.Support: $98,000Resistance: $105,000Analysis: The decline can be attributed to market reactions to the Federal Reserve's anticipated interest rate decision. BTC continues to face resistance around the $105,000 level, while the $98,000 support zone is being closely watched by investors.


Ethereum $ETH

Price Movement: ETH is trading at $3,678.70, down 4.8% from the previous close.Intraday Range: High of $3,895.95, low of $3,562.74.Support: $3,500Resistance: $3,900Analysis: ETH's price drop reflects bearish sentiment across the broader market. A breakout above $3,900 is essential to resume bullish momentum, while $3,500 remains critical as the next support.


XRP

Price Movement: $XRP is trading at $2.37, down 6.7% from the previous close.Intraday Range: High of $2.54, low of $2.19.Support: $2.20Resistance: $2.50Analysis: The pullback may be due to profit-taking after Tuesday’s significant rally. Ripple's announcement of the new stablecoin RLUSD has introduced volatility. Traders are watching $2.20 for support to hold.


Dogecoin $DOGE

Price Movement: DOGE is trading at $0.362772, down 5.9% from the previous close.Intraday Range: High of $0.389317, low of $0.344319.Support: $0.3400Resistance: $0.3900Analysis: DOGE continues to trade within a bearish channel. Breaking above $0.3900 would signal a potential reversal, while a dip below $0.3400 could invite further declines.


Market Sentiment
The market is witnessing mixed performance:Leading assets like BTC and ETH are under pressure, primarily due to macroeconomic factors such as the Federal Reserve’s expected interest rate decision.

Meme coins like PEPE are enjoying speculative rallies, indicating a continued appetite for high-risk assets among traders.
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