{"id":30130,"date":"2021-12-14T22:28:17","date_gmt":"2021-12-14T21:28:17","guid":{"rendered":"https:\/\/thecryptowolf.net\/2021\/12\/14\/market-wrap-cryptocurrencies-stabilize-as-traders-await-the-fed\/"},"modified":"2021-12-14T22:28:17","modified_gmt":"2021-12-14T21:28:17","slug":"market-wrap-cryptocurrencies-stabilize-as-traders-await-the-fed","status":"publish","type":"post","link":"https:\/\/thecryptowolf.net\/2021\/12\/14\/market-wrap-cryptocurrencies-stabilize-as-traders-await-the-fed\/","title":{"rendered":"Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed"},"content":{"rendered":"
\"Market<\/div>

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Bitcoin traded in a tight range around $46,000 on Tuesday. Some traders prefer to remain on the sideline until the U.S. Federal Reserve concludes its two-day monetary policy meeting on Wednesday, which could be a source of market volatility.<\/p>\n

Despite relative calm in crypto markets, equities traded lower<\/a> as the CBOE Volatility Index (VIX) remained elevated around the 20 level. It appears that investors are in no rush to increase their risk exposure ahead of any Fed announcement out of the meeting<\/a>.<\/p>\n

Also, economic headwinds continue to linger. \u201cThe failure of inflation to recede as anticipated will put central banks in a more aggressive tightening stance, causing a sharply negative reaction in financial markets and most likely a significant economic recession,\u201d Deutsche Bank warned in a Tuesday report.<\/p>\n

In crypto, there are also signs of caution. \u201cIn the last week, the stablecoin dominance also increased by 0.64%, indicating a flight to safety in the crypto markets,\u201d Arcane Research<\/a> wrote in a report.<\/p>\n

Latest prices<\/h2>\n