Bitcoin Moving in Tandem with S&P 500 as the Fed Begins its Meeting; Funding Goes Negative Across the Board After Wiping Out $1.2B – Investing.com India

Bitcoin Moving in Tandem with S&P 500 as the Fed Begins its Meeting; Funding Goes Negative Across the Board After Wiping Out $1.2B – Investing.com India

The crypto market took a big drop on Monday, going lower than the early September dip. price went down to $40,100 while Ether touched nearly $2,800, and the total cryptocurrency market cap dropped to $1.92 trillion.

As of writing, Bitcoin has made its way back above $43k, Ether $3k, and the total market cap is also back above $2 trillion.

El Salvador bought this dip as tweeted by President Nayib Bukele on Monday, adding the central American country has raised its total holdings to 700 BTC with the latest purchase of 150 BTC.