Altcoins skated sharply on Tuesday as traders withstand waves of economic events, including a Federal Reserve rate decision scheduled for Wednesday.
The pack leads are XRP, Solana (SOL) and Cardano (ADA), which not only fell by more than 3% in the last 24 hours, but also fell by more than 5% in DogeCoin (Doge), Avalanche (Avax) and SUI (SUI) that fell by more than 5%.
Continuing sales have led to XRP and Sol falling about 13% over the past seven days. Doge also surpassed about 18% in the same period.
Meanwhile, Bitcoin (BTC) has been trading almost flat for $117,312 over the past 24 hours.
Altcoins have been under pressure since early last week as traders piled up into leveraged bets. A full calendar of economic data adds stress to both the crypto and stock markets.
The two-day US Federal Reserve meeting began Tuesday, and Jerome Powell’s team expected to leave Changi again on Wednesday despite pressure from President Donald Trump.
Traders are also looking for a fresh US non-farm salary report on Friday when it hit the market and many Trump fee deadlines.
US stocks were both the Nasdaq and the S&P 500, both modestly low, wiping out previous profits.
