Market attention has turned on corporate earnings scorecards as well as key economic data releases on the anvil.
Cryptocurrencies are trading deep in the red even as market leader Bitcoin dropped below the $73k level and overall market capitalization touched a low of $2.48 trillion.
The extreme volatility observed in global markets over the past few sessions has abated turning the market's focus on interest rate decisions and earnings releases.
Cryptocurrencies rebounded emphatically in the past 24 hours, recouping a portion of the losses suffered earlier in the week when Bitcoin declined below the $75k level.
Cryptocurrencies have gained in the past 24 hours even as global markets brace for the Federal Reserve's interest rate decision, which markets widely expect to be a "hold".
Bitcoin, once dismissed as something reserved for geeks and the cryptography enthusiasts, is back in the limelight, as the price of the cryptocurrency appreciated in recent weeks.