Bitcoin and Ethereum extended losses on Sunday as traders braced for another volatile week, with U.S. stock futures pointing lower ahead of the Federal Reserve’s upcoming policy meeting.
Bitcoin slipped nearly 1.8% to trade around $82,700, while Ethereum dropped 2.5% to $1,889, as investors assessed the impact of macroeconomic uncertainty and shifting regulatory developments.
As of Sunday evening, Dow Jones Industrial Average futures declined 0.37%, while S&P 500 and Nasdaq Composite futures fell 0.46% and 0.55%, respectively.
Markets are increasingly focused on the Federal Reserve’s rate outlook, with futures traders pricing in a high probability that the central bank will hold interest rates steady this week.
While expectations for rate cuts later this year remain intact, recent inflation data and strong labor market numbers have raised concerns that the Fed may delay easing monetary policy on Wednesday.
A more hawkish stance could weigh on risk assets, including crypto, which have traded in lockstep with equities in recent months.
Geopolitical tensions are also adding pressure.
President Trump’s recent announcement of new tariffs and potential retaliatory measures from the European Union have injected fresh uncertainty into global markets.
In addition, his executive order to establish a Strategic Bitcoin Reserve briefly fueled speculation about U.S. government involvement i…
