Crypto market pulls back 1.5% as liquidity thins ahead of Fed meeting

The global cryptocurrency market slipped about 1.5% in the past 24 hours, with total market capitalization falling to nearly US$3.88 trillion as major tokens like Bitcoin hovered around US$113,000. Traders cited thinning liquidity, a stronger dollar and caution ahead of the Federal Reserve’s upcoming policy decision as key drivers. Despite institutional-ETF demand and some accumulation, the short-term tone turned defensive. Analysts say a confirmed rate cut could reignite upside momentum, but for now the market is consolidating until clearer macro signals emerge.