🚀 Fed Countdown: Crypto Holds Firm as BTC & ETH Lift on Rate Cut Hopes
Crypto markets are holding strong ahead of Wednesday’s Fed decision, with traders widely expecting a 25 bps rate cut. Bitcoin is trading near $89,636 while ETH outperforms with a 7% jump as volatility expectations rise.
BTC remains range-bound between $88,000–$94,500, and a breakout on either side could set the next major move. Derivatives markets show traders positioning for volatility, with implied volatility surging and ETH straddles leading block flows.
Altcoins continue to lag, with liquidity concentrating in BTC and ETH ahead of the Fed announcement. A few standouts remain—AI token FET climbed 9% in the past 24 hours.
Markets are optimistic, but traders are bracing for sharp moves once the Fed decision hits.
