Bitcoin’s price hovers near $58,000 as traders brace for the US Federal Reserve’s upcoming monetary policy decision, with markets largely anticipating a 0.5% rate cut. Economic concerns extend beyond the US, as weak data from China adds to the market’s woes. Meanwhile, Bitcoin dominance has surged to 58%, while the ETH/BTC ratio dipped to 0.03, marking its lowest level in 3.5 years.
