Bitcoin Steadies Near $114.5K as Traders Await Fed Decision; HBAR Jumps on Altcoin Rally
Crypto markets paused on Tuesday, consolidating recent gains as traders looked ahead to the Federal Reserve’s policy announcement and progress in U.S.-China trade talks.
Bitcoin (BTC) held firm around $114,500 after Monday’s surge, while ether (ETH) edged slightly lower to $4,120, showing signs of fatigue after testing higher resistance levels earlier in the week.
Market participants largely adopted a wait-and-see approach, with the Federal Reserve’s interest-rate decision expected Wednesday. Analysts anticipate a 25-basis-point cut, though a surprise hold could strengthen the dollar and weigh on digital assets.
Optimism over an imminent trade agreement between the U.S. and China helped sustain broader risk sentiment, extending Monday’s equity market rally that spilled over into crypto.
In the altcoin space, price action remained volatile. While many tokens pared earlier gains, Hedera’s HBAR and Bittensor’s TAO defied the trend, posting double-digit advances amid renewed ETF speculation and network growth catalysts.
About The Author
More Stories
Bitcoin reclaims $81,000 after stronger-than-expected CPI data, as BNB and DOGE outperform major cryptocurrencies
For the first time since March 2023, Bitcoin’s bull-bear cycle gauge has turned green.
GameStop’s $56 billion bid is rejected by eBay, shifting attention back to the company’s bitcoin holdings.