Bitcoin briefly traded above $94,000 on Tuesday before slipping back toward $92,500 in Asian morning hours Wednesday, a swing that revived bullish positioning but left the market exposed ahead of one of the most consequential Federal Reserve decisions of the year.
The move came as Asian equities traded mixed, with investors waiting for clarity on the Fed’s policy path and the tone of Chair Jerome Powell’s final press conference of 2025.
Altcoins were mixed. Ether rose 7% in the past 24 hours to trade around $3,320, extending its weekly gain to nearly 10%. Solana added over 5%, while Dogecoin advanced 5%. Cardano outperformed with an 8.5% jump on the day and nearly 6% in the week. All tokens pulled back 1-2% in Asian morning hours as traders likely took profits on the move overnight.
