The Crypto Money Market follows a wavy course while waiting for the US Federal Reserve (FED) interest rate decision. Bitcoin went below $ 102,000 on Wednesday and attracted the attention of investors. Decreases were also observed in Altcoins.
Bitcoin and Ethereum decline
As of last night, the price of Bitcoin decreased by 2.75 to 100 thousand dollars. Ethereum fell to 3 thousand dollars with a decrease of 4.3 %in the same time range. Nevertheless, both BTC and ETH managed to recover again. Market analysts say that Bitcoin is consolidated between $ 100,000-102,000 and that investors expect the Fed’s first interest rate decision in 2025.
Although inflation has a decline tendency, it remains above the target. The Fed is likely to keep the interest rates fixed in the range of 4.25% -4.50%. Investors think that Bitcoin may experience fluctuations if the FED President shows a hawk attitude.
Markets are waiting for the Fed decision
According to the data, it is worth noting that the market was tense before the FED meeting and that it does not expect an interest rate reduction with 99.5 %compared to the CME Fedwatch vehicle. It is recommended that investors be cautious because the volatility is expected to continue because the uncertainty is high.
While the US Federal Reserve is expected to keep the interest rates constant, the FED after President Donald Trump’s call for a low interest rate call is of great importance how to follow a policy in the future. The FED’s statements may directly affect the money that will enter the global markets and stock markets.
Sales pressure in Altcoins before FED
While the US Treasury bond returns rise, the value of the dollar caused fluctuation in global markets. Although Wall Street began with a harsh decline in the week due to a low -cost Chinese artificial intelligence model, it partially supported the recovery markets in technology shares.
Altcoins also depreciated in parallel with Bitcoin. Solana 2,9 %, BNB 1 %, Dogecoin 2.2 %, Cardano 2.3 %, Tron 2.1 %, Avalanche 2.6 %, Chainlink 3.2 %, Stellar 2,4 %, Hedera 3 %, Sui decreased by 5.5 %and shiba Inu by 3.6 %.
General view in the crypto market
The total crypto currency market value decreased by 1 %in the last 24 hours and decreased to approximately 3.48 trillion dollars. Stablecoins, 90.26 %of the total transaction volume, while a total volume of 24 -hour trading was recorded as 112.3 billion dollars.
Bitcoin’s market value decreased to 2.025 trillion dollars, while the 24 -hour trading volume decreased by 47.93 %to 42.93 billion dollars. The direction of the market will be shaped depending on the investor’s reaction after the FED’s interest rate decision.
