THERE IS A SHOW. WHERE ARE YOU? Before the Fed decision, Bitcoin was below 30 thousand dollars, DOGE rose by 7 percent

While investors waited for the US Federal Reserve to raise interest rates, Bitcoin (BTC) remained stuck below $30,000.
Dogecoin (DOGE), on the other hand, rose 7 percent thanks to Elon Musk's latest moves on Twitter.
BTC had skyrocketed above $30,000 a month ago following financial giant BlackRock's application for a Bitcoin ETF. This has led to speculation that the world's largest asset manager could see a massive influx of money from traditional investors into digital assets if it wins regulatory approval.
However, the cryptocurrency has remained stuck at the 30,000 threshold ever since, and this has partly to do with the likely interest rate hike the Fed will announce today. Investors and observers expect a 25 basis point increase.
At the time of writing, the price of BTC was trading at $29,250 with an increase of 0.43.
Noelle Acheson wrote in the "Crypto is Macro" newsletter:
“Inflation and interest rate concerns may be why crypto prices remain low.”
Bitcoin fell to $29,000, its lowest level since June, following the Wall Street Journal's news on Monday.
According to the Wall Street Journal, Binance CEO Changpeng "CZ" Zhao claimed that the crypto exchange's partners were laundering money several years ago. China's policymakers also warned that the economy would experience a painful recovery.
Acheson also said the following in his article on Monday:
“BTC's decline is quite sharp and this usually indicates a planned sell-off. Such declines usually recover quickly, but BTC's level appears to be stable at the moment. “This reinforces the idea that new buyers are not yet ready to take positions.”
Dogecoin (DOGE) rose above the $0.08 level on Monday, which it has not exceeded since April. After famous billionaire Elon Musk rebranded Twitter as "X", speculations that DOGE and other cryptos could be used on the platform fueled the price increase.
Even before purchasing Twitter, Musk showed his interest in DOGE with various statements, causing an increase in the price of the token.
Brian D. Evans, CEO of Web3 venture and consulting firm BDE Ventures, said, "Elon is definitely into DOGE, even if only jokingly." “I wouldn't really be surprised if DOGE is used for payments.” says.
The second largest cryptocurrency by market cap, Ether (ETH), is trading at $1,857, up 0.27 in the last 24 hours. XRP increased by 1.7 percent, while Solana's token SOL gained 0.59 in value.
The CoinDesk Market Index (CMI), which measures the overall performance of the crypto market, rose 0.3 recently. CoinDesk Bitcoin and Ethereum trend indicators are currently in the neutral zone, having previously been stable in an uptrend but now experiencing a decline.
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