As the Federal Reserve's rate decision looms, Bitcoin remains stable, while altcoins show significant gains.
Bitcoin Remains Steady
Bitcoin holds at $82,410, staying within the $80,000 to $86,000 range. Investors are looking for indications of future rate changes that might affect Bitcoin's price movement. Despite economic uncertainty, institutional demand remains strong. U.S.-based spot Bitcoin ETFs saw a $275 million inflow on Monday, marking a peak since late February.
Altcoins Gain Momentum
While Bitcoin stays steady, several altcoins posted notable gains. CAKE surged over 15%, supported by protocol improvements and increased trading volumes. TKX rose approximately 12% due to higher user adoption and token burning mechanisms. Other altcoins also recorded moderate gains: OKB increased by 4%, and Cosmos (ATOM) gained 3.5%. Ethereum (ETH) remained stable around $1,896.
Fed Policy Impact on the Market
The Federal Reserve's rate decision is a key driver of market mood. Most analysts expect no rate change, but Jerome Powell's statement and tone will be closely watched. A dovish stance by Powell could trigger rallies in both traditional and crypto markets.
Bitcoin's ability to maintain the $80,000 level and the continued rise of leading altcoins like CAKE and TKX will serve as key indicators of market sentiment moving forward.
