Cryptocurrency Prices on September 26: Bitcoin holds above $63,600 ahead of Fed's Powell speech

economictimes.indiatimes.com:

The release of the core personal consumption expenditures (PCE) price index — the Fed's preferred measure of inflation — is also due on Friday.

Markets are now pricing in a roughly 62% chance of a 50bp cut at the Fed's November policy meeting and see a total of 77bps worth of cuts by the year-end.

As of 11:59 AM IST, Bitcoin was trading 0.46% lower at ₹63,649, while Ethereum dipped 0.1% to ₹2,615. Other cryptocurrencies, including BNB, XRP, and Chainlink, also experienced declines, whereas Solana, Dogecoin, Toncoin, Cardano, Tron, Avalanche, and Shiba Inu saw gains.

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“Bitcoin (BTC) is retreating after facing stronger-than-expected resistance at the $65,000 level. This pullback can be attributed to several factors, including weak macroeconomic data, concerns over a potential stock market correction, and uncertainty surrounding the impact of the upcoming U.S. presidential election on the crypto market. The approaching monthly and quarterly options expiry on September 27 has also contributed to increased price volatility,” noted the