Most cryptocurrencies fell on Tuesday amid a weak risk appetite, with markets following geopolitical developments and the trade war, while waiting for the Federal Reserve’s policy decisions.
Analysts expect the Fed to hold interest rates unchanged at this week’s meeting.
However, investors expect the Fed to release detailed forecasts for growth, inflation and interest rates to gauge the impact of US President Donald Trump on policies.
Investors continue to be concerned about the ongoing global trade war and its impact on businesses and sales.
US President Donald Trump spoke to Russian counterpart Vladimir Putin on the phone, and discussed ways to end the three-year long war in Ukraine, which could lessen US sanctions on Russian fuel exports.
Trump said he agreed with Putin on an immediate ceasefire in the energy and infrastructure sectors, with an understanding that both parties will work towards a full ceasefire quickly.
Ripple
On trading, ripple spiked 3.9% as of 20:21 GMT to $2.26.
