Cryptocurrency markets continued trending lower early this week, with market participants eyeing Wednesday’s FOMC meeting and Federal Reserve Chair Jerome Powell's speech.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 64.1% and daily active addresses growing by 22.5%. Transactions greater than $100,000 are up from 6,732 to 9,843 in a single day. Exchanges netflows are up by 13.9%.
• Coinglass data reports 115,162 traders were liquidated in the past 24 hours for $213.45 million.

Notable Developments:

• XRP Outpaces Bitcoin, Ethereum In Q1 As Investment Inflows Top $200 Million
• EXCLUSIVE: DeFi Development Corp Expands Digital Asset Portfolio, Holds $58.5 Million In Solana Tokens
• Florida Presses Pause On Bitcoin Reserve Bill: Here’s What Happened
• eToro Eyes $5B Valuation In Nasdaq IPO, Sets Price Range At $46–$50 Per Share
• FTX Creditors Sold Potential $500M Anysphere Stake For $200,000 Before Startup’s Valuation Tripled

Top Losers:

Trader Notes: More Crypto Online suggests that Bitcoin may have completed its correction, though confirmation hinges on a decisive breakout above $95,240.

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With the Fed's rate announcement due Wednesday, the trader warns that a major move could be imminent adding that it's a waiting game to see whether Bitcoin or the Fed blinks first.

Meanwhile, trader DevKhabib expects Bitcoin to face another rejection at recent resistance, forecasting a sharp pullback toward $90,000 as markets brace for volatility following the FOMC decision.

Crypto trader Scient highlights that Bitcoin's price is pivoting around the $95,600 4-hour market structure shift (MSS) level.

A recent fake breakout above that zone led to a quick drop and local trend reversal.

He lays out two possible paths: in a bearish scenario, BTC retests $95,600 as resistance and breaks lower and in a bullish scenario, a clean reclaim of $95,600 could open the door to retesting the $98,000 highs.

Read Next: 

• Bitcoin Dips Below $94,000 As Traders Eye Potential Short-Term Top

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