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Crypto markets are trending downward as the Federal Reserve's two-day policy meeting gets underway on Tuesday.
Dogecoin, the meme token pumped by Twitter CEO Elon Musk, surged 10% on Tuesday. The rally comes following athat Twitter engineers will build its payments product so that crypto could be added in the future. The Fed is expected to raise rates by 25 basis-points on Wednesday, its smallest increase in nearly a year. Markets will likely be sensitive to any sentiments expressed by Fed Chair Jerome Powell regarding economic projections or guidance on future rate hikes.
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