Bitcoin, Ethereum, XRP, Dogecoin Dip as Investors Await Kevin Warsh's Interest Rate Moves: Analyst Sees 'Interesting Week' Ahead for BTC

Leading cryptocurrencies declined overnight on Sunday as investors assessed the likelihood of interest rate cuts and geopolitical developments.Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:27 p.m. EDT)Bitcoin -1.0%$80,082.97Ethereum -1.4%$2,327.61XRP -0.30%$1.30Solana -0.90%$101.34Dogecoin -0.90%$0.077The Late Sunday DipBitcoin dropped below $80,000 and Ethereum hovered in the low $2,300s as the cryptocurrency market waited for fresh momentum.Roughly $120 million in positions were liquidated in the cryptocurrency market over the past 24 hours, of which $82 million came from long positions, according to Coinglass data.Bitcoin’s open interest fell 1.29% over the last 24 hours and down 4% over the last month. Retail and whale derivatives traders on Binance were bullish on Bitcoin, with Long/Short ratios of over 1.“Neutral” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.Top Gainers (24 Hours)CryptocurrencyGains +/-Price (Recorded at 9:27 p.m. EDT)Pyth Network (PYTH) +6.10% $0.0753Ethena (ENA) +5.40% $0.2062Rain (RAIN) +5.00% $0.008632Big Decision on Interest Rates AheadStock futures traded mixed Sunday overnight. The Dow Jones Industrial Average Futures rose 37 points, or 0.07%, as of 9 p.m. EDT. Futures tied to the S&P 500 gained 0.04%, while Nasdaq 100 Futures dipped 0.05%.Traders are awaiting the Federal Reserve’s decision on Wednesday. The CME FedWatch tool indicates a 90.6% chance that the Kevin Warsh-led central bank will leave the rates unchanged at the current 3.75% to 4% target range.The market remained on edge after reports suggested that the once the midterm elections end.‘Interesting Week Coming Up’Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, discussed Bitcoin’s recent liquidity sweep on the daily chart and warned of further correction if the cryptocurrency fails to form a higher high.Van De Poppe warned that another sweep could drag Bitcoin below $75,000, potentially erasing the current uptrend.“Interesting week coming up,” the analyst remarked.The sweep did happen, and I really want to see a higher high being made.If that doesn't happen, we'll sweep the low again (although we've seen a relatively strong bounce up from there).The worry: if that sweep comes, there's nothing stopping it from wicking <$75,000… Van De Poppe also weighed in on Ethereum, highlighting potential for a rebound if a higher low forms and price breaks above $2,370.“If there’s no sign of buying pressure, the second level is one to monitor, which is around $2,200. That must hold,” he added.First level was hit on .If there's a higher low created (similar to ) and it could break above $2,370, we might be in for some period of reversal.If there's no sign of buying pressure, second level is one to monitor, which is around $2,200.That must hold. Preview Photo Courtesy: Phongphan via Shutterstock.com