Crypto Market Update
Then came a very brief surge past $94K, pulling back to around $92.5K, as investors await a major Federal Reserve decision. Volatility was high, and analysts are divided on whether it marks a market bottom or more uncertainty ahead.
Altcoins showed mixed moves:
• Ether: +7% ($3,320)
• Cardano +8.5%
• Solana +5%
• Dogecoin +5%
XRP and BNB barely moved, while smaller tokens witnessed thin liquidity.
Market sentiment spiked higher during the brief BTC rally, but sellers didn't hold back in taking profits during Asian trading hours. For some analysts, the volatility could signal the bottom; others suggest that the market is still missing strong anchors for a decisive move.
Global markets add to the pressure: Chinese stocks fell after higher inflation data, Japanese equities slipped, and silver hit a record high. Traders are watching closely to see whether BTC can reclaim $94K–$96K after Powell’s remarks, or drift back toward the mid-$80Ks. #Bitcoin #ETH #CryptoTrading #MarketUpdate $BTC $ETH
