Cryptocurrency markets showed mixed signals as investor caution grew ahead of major policy events expected today, including a Federal Reserve rate decision and a White House crypto report.

Large-cap crypto assets are mostly flat over the past 24 hours, while total crypto market cap slid to approximately $3.92 trillion, down 4.1% on the day, per CoinGecko data. Exchange-wide trading volume declined to approximately $138 billion in the past 24 hours.

Bitcoin (BTC) continues to trade sideways this week, trading just under $118,000, flat on both the daily and weekly timeframes. The leading cryptocurrency spike to as high as $118,644 earlier today before retracing.

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