On the eve of the Fed meeting minutes: Bitcoin is caught in a tug-of-war between ups and downs

Bitcoin and Ethereum are fluctuating between rises and falls, as traders await the release of the minutes of the US Federal Reserve's September meeting. Ahead of the release of the Fed's last meeting minutes, which are expected to provide insights into future interest rate policy, the crypto market was stable on Wednesday morning. The prices of Bitcoin and Ethereum are fluctuating within a narrow range of around $62,000 and $3,450, respectively. Solana and Polkadot fell by 1%. Most of the top 100 digital assets by market capitalization saw minor declines, while Aerodrome emerged as the biggest winner of the day, rising 6% in the past 24 hours. Bittensor, Sei, and Kaspa were the assets with the largest declines, falling between 5% and 7%. After a week of gains, the market lost momentum yesterday as China's monetary stimulus measures failed to meet expectations. Traders are now turning their attention to the US, awaiting the release of the Fed's meeting minutes later today and the closely watched September Consumer Price Index (CPI) data, which will be released on Friday. Bitcoin ETFs saw a slight outflow of funds on Tuesday, totaling $18.6 million, mainly driven by Fidelity's FBTC, which lost nearly $49 million in assets. However, Blackrock's IBIT attracted $40 million in inflows, partially offsetting this impact. Meanwhile, US stocks rose, with the S&P 500 and Nasdaq indices both gaining 0.6%.