Bitcoin Trades Sideways as Crypto Traders Remain Cautious, Await Fresh Cues
The crypto market entered a consolidation phase on Wednesday, with Bitcoin trading near $112,000 (roughly Rs. 99.3 lakh) and Ethereum hovering around $4,100 (roughly Rs. 3.6 lakh). Broader sentiment stayed cautious after recent liquidations worth $1.65 billion (roughly Rs. 14,600 crore) and dovish signals from the US Federal Reserve. Traders are now eyeing Federal Reserve Chair Jerome Powell’s next remarks and key inflation data later this week for fresh cues on market direction.
