Bitcoin, Ether Hold Steady as Markets Await Fed Decision and U.S.–China Trade Progress
The crypto market held steady on Wednesday as traders awaited key macroeconomic events, including the Federal Reserve’s rate announcement and potential progress on a U.S.–China trade deal.
Bitcoin (BTC) traded near $113,100, while ether (ETH) hovered around the $4,000 level, as investors reduced risk exposure ahead of policy and geopolitical developments.
Markets broadly expect the Federal Reserve to cut its benchmark rate to 3.75%–4.00%, though a decision to maintain rates at 4.00%–4.25% could strengthen the dollar and pressure risk assets.
Meanwhile, Chinese President Xi Jinping and U.S. President Donald Trump are expected to meet this week as trade negotiations approach a potential breakthrough. Analysts said a finalized agreement could lift U.S. equities — and by extension, digital assets — given bitcoin’s close correlation with stock market performance.
With traders watching both the Fed and the trade discussions, crypto prices are likely to remain range-bound in the near term, awaiting clearer macro direction.
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