Crypto Markets See Mixed Trading Ahead of Fed Decision; Bitcoin Nears $35K

Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw mixed trading ahead of the Fed's interest rate decision.

Bitcoin rose over 27% in October to reach a 17-month high of $35,000 as investors anticipated the approval of Bitcoin ETFs in the US.

The global crypto market cap stands at $1.27 trillion, up 0.32% in the past 24 hours.

Analysts suggest altcoins are correcting upwards while Bitcoin shows ongoing strength and may break out above $34,800.

Sentiment has shifted back towards a bearish outlook based on analytics firm Santiment's data, despite being neutral over the weekend.