Bitcoin (BTC) modified arms at round $67,800 throughout Monday’s Asian buying and selling hours, as pre-Federal Open Market Committee (FOMC) volatility labored its manner by way of the crypto market, shifting main digital property and pushing up memecoins.”The weekend was crammed with each concern and greed as BTC was pushed all the way down to $64,500 lows,” Singapore-based QCP Capital wrote in a observe on Telegram. “BTC has since bounced again above $67,000, and we have seen heavy BTC put promoting, which means that ‘concern’ has dissipated in BTC, and traders are completely happy to purchase the dip.”FOMC threat can be spooking BTC traders, bringing again macroeconomic concern to an asset class buoyed during the last month by optimism over the approval of bitcoin exchange-traded funds (ETFs). Current U.S. financial information indicated persistent inflation, resulting in increased rates of interest and a stronger greenback, which fares poorly for threat property.In the meantime, memecoins had been all the fashion over the weekend, pushing the sector’s market cap up over $55 billion, an 11% acquire, based on CoinGecko information.High movers included (SHIB), up 10.8%, DogWifHat WIF, up 30%, and CORGIAI up 8.5%.”Solana has as soon as once more exploded because the trendiest crypto asset amongst merchants with new meme tokens popping practically each minute,” Nick Ruck, COO of ContentFi Labs, stated in a observe shared with CoinDesk.The CoinDesk SCPXX, which covers sensible contract platforms excluding ether, is up 8.2%, beating the CoinDesk 20 (CD20) index, a measure of the most important digital property, which is up 3.5%.