The crypto market was little change-to-hearts on Tuesday, with Dogecoin (Doge) and XRP The leading decline in major tokens with losses of more than 3% only over the past 24 hours. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, fell 2%.
Lack of volatility arises as bitcoin (Btc) Entrepreneurs are mainly for the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, which can set a tone for financial policy and influence on risk ownership including cryptocurrencies.
The federal reserve decision on interest rates – widely expected to remain unchanged at 4.25% -4.50% – and any comments from the seat Jerome Powell can change the investor’s feelings. A hawkish bearing, a signal of lighter policy or a slower path to mashed the cuts, may force bitcoin and lead to clearer losses in the altcoins. Conversely, a dark -to -face -to -date sparking can spark a rally.
“A rate cut off this Wednesday remains quite unlikely that US pivots are far from fiscal dominance, where government spending is increasing the growth, toward (President Donald) pushing Trump for a shortage of reduction,” businessmen from the QCP Capital are shared in a broadcast message on Tuesday. “The transfer is putting the burden on the financial policy.
“Capital can rotate in trading driven by Trump’s momentum such as Nasdaq and Bitcoin and long -awaited markets in Europe and Chinese.
Wefi’s Agne Linge noted that greater volatility in the market remains elevated, with a crypto fear and greed at 22 – indicating “intense fear” – as investors with uncertainty around inflation, trade wars, and geopolitical tensions.
“In the United States, the S&P 500 and Nasdaq Composite recorded their fourth consecutive weekly refusal last week, with Dow Jones dropping 3.1% to record the worst weekly turnover in nearly 24 months.
In Bitget Research, chief analyst Ryan Lee said Bitcoin remains in a tight range with a move to either $ 75,000 or $ 90,000 equally likely, based on how entrepreneurs responded to the US rate decision.
“Bitcoin’s recent pullback is that entrepreneurs are watching key support levels between $ 82,000 and $ 85,000.” Any unexpected transfer of FOMC can throw a wrench on the market.
“If the emotion turns on, we can see Bitcoin sinking up to $ 75,000- $ 80,000, even if a bullish macro backdrop can send it back to $ 90,000,” he added.
