Bitcoin (BTC) retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve (Fed), which is expected to lower interest rates for the first time in more than four years, News.Az reports.

Bitcoin, the largest cryptocurrency by market value, topped $60,000, reaching highs of $60,660 in Saturday trading, News.Az reports.

Bitcoin price increased following a general upswing in risk-sensitive markets, especially equities, News.Az reports.

The price of XRP has shown unstable performance recently after hitting a local resistance level, leading to a significant pullback, News.Az reports citing Coingape .