Shifts in cryptocurrency markets: here’s where Bitcoin is trading

Bitcoin is trading around the $77,000 level, after a slight pullback from the $78,000 level, as investors grow more cautious ahead of the US Federal Reserve meeting, KosovaPress reports.

According to market data, the world’s largest cryptocurrency is hovering around $77,100, with a slight daily decline.

The Economic Times writes that pressure on Bitcoin has come from profit-taking and liquidations in leveraged positions, after an attempt to push higher. The global cryptocurrency market capitalization has risen to $2.73 trillion, according to data cited by The Economic Times.

Analysts assess that the Fed meetings on the 15th and 16th will determine the next move in the crypto world in September. In focus are US inflation, expectations for interest rates and investors’ appetite for risk assets.