Buy Dip Sentiment Rising on Falling Crypto Market Ahead of Fed Rate Decision

, which came under additional pressure due to events surrounding the transition to proof of stake, fell to $1,300, almost offsetting all of the Merge hype growth.

In its report, Santiment nevertheless appeals to similar sentiments that were present only a week ago, before the CPI report. Then, many of those bullish participants were severely punished by the instantaneous fall of the by almost 10%. Now opinions are divided, but the feeling of finding a new bottom has not disappeared.Ahead of Wednesday's FOMC meeting, the Fed is in a cramped state. Although markets are pricing in only a 0.75% hike, following the Fed chief's recent speech, a 1% hike is also possible. On the other hand, given the situation with U.S. debt and its servicing, as well as the liquidity crisis looming on the horizon, the regulator cannot afford too harsh an increase.

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