Broader crypto markets continued retracing for another day, as investors await the interest rate decision from the Bank of England and Federal Reserve’s interest rate decision this week.
With Grayscale’s ETF having net $120 million outflows in the day, ETH also traded lower below the $3,300 mark. Ethereum, however, has major support around the $2,800 mark even if the downtrend continues.
In another development, the world’s second-largest stablecoin issuer Circle reportedly trades around the $5 billion mark, albeit much lower than the last failed listing attempt at 9 billion dollars.
