Ethereum pares gains, Bitcoin pushed under $40K as the Fed is set to reveal tapering plans

Cointelegraph

Published Jul 28, 2021 12:20PM ET

Updated Jul 28, 2021 02:40PM ET

Ether (ETH) and Bitcoin (BTC) pulled back on Wednesday as investors awaited fresh guidance from the United States Federal Reserve (Fed).

ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 am EST. Nevertheless, both the pairs reached their current levels following a downside correction from their respective intraday highs of $2,391 and $40,925, respectively.

Ethereum and Bitcoin trends in recent history. Source: TradingView.com
Retail Fund Money readings show investors in hold of more than a trillion dollars. Source: FRED

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