Bitcoin has lost its bullish momentum ahead of a key meeting Wednesday by the U.S. central bank, with the largest digital asset by market value lagging the gains posted by smaller cryptocurrencies such as Ether and XRP.

"Pricing divergence between equities and crypto markets may not be so wide as we initially thought," Gabriel Selby, lead research analyst at CF Benchmarks, said in an email, referring to the concurrent rally in bitcoin and the Nasdaq/S&P 500 ratio amid banking turmoil in the U.

Bitcoin ( BTC-USD) was down 2% to $27,786, while ether ( ETH-USD) fell 2.8% to $1,746. Investor confidence is being tested ahead the Federal Reserve Open Committee Meeting (FOMC) this Tuesday and Wednesday.

The Federal Reserve's decision on interest rates Wednesday is the next key catalyst for cryptos, but digital assets are showing fundamental encouraging signs.

Bitcoin (BTC-USD) changed hands near breakeven in Tuesday morning trading as cryptocurrency-market traders await the Federal Reserve's interest-rate decision on Wednesday. Following

The Federal Reserve's decision on interest rates Wednesday is the next key catalyst for cryptos, but digital assets are showing fundamental encouraging signs.

Despite this minor setback, ETH continued to trade around its risen value of $1,751 (roughly Rs. 1.44 lakh), as per the crypto price tracker by Gadgets 360. “Last week, crypto decoupled from the traditional financial world as crypto prices rallied despite the banking crisis.