Crypto Price Check: Traders Playing the Waiting Game

Cryptocurrency prices were mixed on Tuesday, amid the Russian invasion of Ukraine and the start of the Federal Reserve policy meeting.

‘side trade’

Bitcoin rose slightly to $39,149 at last check, according to CoinGeckowhile ethereum was up nearly 1% at $2,563 and meme coin dogecoin was down 1.6% at $0.112309.

“Cryptocurrency markets have been trading sideways for the past week,” said Keegan Francis, Bitcoin and crypto expert, Discoverer. “Bitcoin remains in a band between $38k and $44.5k. Both the bears and the bulls have failed to move the price beyond either direction, indicating that traders are waiting for macroeconomic events to unfold before making more bets”.