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Asian markets were traded with caution as investors are waiting for the result of the Fed Meeting

Asian markets closed the session mixed with a tendency towards the red zone. Japan’s benchmark index, Nikkei 225, was down by 0.12 percent in early trade; the Topix went lower by almost the same level. In Korea, the Kospi index slipped also by 0.12 percent. Australia’s S&P/ASX 200 started positively with the index going up by 0.22 percent. Its energy stocks climbed by 1.4 percent and contributed to most of the gains. Investors are currently turning their attention to the Federal Reserve’s two-day policy meeting late in the week.

Bitcoin dropped by 7 percent to trade at $7,000 dollars. Then later climbed back and regained some of its losses

Bitcoin prices sharply dropped to $7000 in less than three hours during the previous trading session. The cryptocurrency hit a new low of $7,335.57 earlier before recovering back to $8,000. Traders were uncertain of what caused the late drawback. Apparently, another possible bitcoin ban was the responsible for the weakness felt during the weekend.

Bitcoin began its fall from $11,000 two weeks ago following a statement by the SEC that expanded its scrutiny to cryptocurrency exchanges and, also, due to news of a compromised account at a major Hong Kong-based exchange, Binance.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.