Key dealers
- Bitcoin remains over $ 100,000 before the FOMC meeting.
- Fear of Hawkian comments from the Fed Chair Powell Fuel Caution, with wider markets showing volatility before the meeting.
Bitcoin holds hard with the $ 100K mark when Traders Stag for tomorrow’s Federal Open Market Committee (FOMC) meeting.
After a correction of 3% during Tuesday afternoon hours, the token recovered, which reflected cautious optimism among investors for important political remarks.
Federal Reserve is generally expected to keep interest rates steady at 4.25%-4.5%, with the CME FEDWatch tool showing A probability of 97.3% for no change.
The markets remain cautious with potential Hawkian comments from the FED chairman Jerome Powell who can squeeze bitcoin and other risk resources.
The crypto market experienced turbulence earlier this week and fell 8% on Monday morning after news about DeepseekA Chinese AI model that showed performance similar to Openai’s GPT-4O at lower costs.
The announcement triggered a broader market sales and deleted $ 1 trillion in the global market value, with Nvidia shares that dropped more than 20% before recovering.
Bitcoin fell to $ 98,000 on Monday before climbing to $ 104,000 early Tuesday. The digital asset traded just over $ 100,000 at press time.
Crypto analyst Jell commented On the overall performance of the crypto market and emphasizes its long -term strength despite short -term volatility.
“Higher time frame charts look good. FOMC tomorrow, first in the new Trump administration. Should be fleeting until then, probably wise to stay outside the LTF diagrams and ignore the volatility. Not shaken out, boys, ”commented Jelle.
Traders monitor Powell’s upcoming remarks for insights that can affect Bitcoin’s course and a wider marketing term.