Bitcoin holds a constant about 100,000 dollars before the interest rate decision in the Federal Reserve; WIF, UNI, Tao see gains

Bitcoin was traded in the narrow range today, as investors prepared for volatility before the FOMC meeting, which could provide new signals on the interest rate policy and economic expectations.

The maximum Cryptocurrency Market fell to less than $ 3.6 trillion for the third time this month and fell by 2.53 % over the past 24 hours.

Bitcoin continued to rise throughout the day to 58.5 %, as the dim performance was seen in the Altcoin market with a few symbols in green color when writing.

In compliance with the current market morale, the Crypto Fear and Greed index decreased three points from the day before the day, indicating the lack of confidence in the market.

Why do bitcoin decrease?

Bitcoin was traded within a narrow range ranging from $ 100,272 – 103,541 dollars, with a level of $ 100,000 currently working as a decisive psychological support level.

BellWether Crypto will be greatly affected by the interest rate of the Federal Reserve later today. Traders on the edge of the abyss, because any policy shift can determine the tone of the next step for Bitcoin.

If the Federal Reserve maintains its current position and keeps fixed rates, as expected widely, Bitcoin’s reaction may remain silent in the short term.

Although neutral policy indicates stability, it maintains liquidity conditions unchanged, which means that bitcoin may continue to circulate in a narrow range unless new incentives appear.

On the other hand, a more honest position – stick to the rise in future prices or keep the rates high for a longer period – can affect the price of bitcoin. The most powerful dollar usually means the categories of risk assets such as cryptocurrencies are less attractive to investors.

As such, this can lead to some negative pressure where investors rotate money to safer and returning assets such as US Treasury bonds and money market boxes.

On the contrary, the DOVISH tone of the Federal Reserve helps Bulls to push Bitcoin to put a price detection where it is currently traded by 6 % of the heights at all when writing.

Low interest rates generally increases risk appetite, encouraging capital to flow to assets such as bitcoin.

According to the CME Fedwatch, the organization is expected to maintain interest rates without changing a 99.5 % opportunity.

However, traders should notice that Bitcoin’s essentials are still strong as institutional interest and developments about BTC as a backup backed by the state, which has strengthened its long -term resumption.

Moreover, organizational clarity in major markets has strengthened the United States trading confidence.

Long -term predictions for 2025 ranged between $ 120,000, up to more than $ 200,000.

Currently, in addition to uncertainty about the decision of the Federal Reserve, the lack of retail interests also prevents bitcoin from moving.

Charlie’s pseudonym informed this in a post on January 28, saying that its levels were last seen at the bottom of the 2021 bear market.

According to some analysts, Bitcoin needs to restore the support level of $ 103,000 before it can continue at the top. Alphabtc’s colleague has depicted a decrease less than $ 100,000 if the bulls fail to violate this main support level.

On the contrary, restoring it will indicate “its game again”.

Such a scenario can be transmitted as there is a concentration of bids between 95,500 dollars and 101500 dollars, according to the indicators of the Crypto channel. They explained that some traders may try to suppress the price temporarily to fill the requests at low levels.

If the price of Bitcoin decreases in this bid ladder, this may lead to a strong purchase activity, which is likely to be the road to apostasy.

However, analyst Charlie warned, the newly formed purchase walls can disappear at times, leading to unexpected volatility.

For analyst and merchant Karl Moon, BTC can search a decrease to $ 97,000.

He referred to the formation of the landfill on the daily PTC/USDT, which, if confirmed, can lead to a deeper correction if bitcoin decreases to less than 100 thousand dollars.

At the time of writing this report, Bitcoin was selling at $ 101,892, a decrease of 1 % over the past 24 hours.

Altcoin Market Tanks

The total capital of the Altcoin market decreased by 8.3 % during the past day to $ 1.53 trillion, as most of the upper symbols were traded in red throughout the Asian trading hours.

However, the Altcoin season index witnessed any change from the previous one and was sitting in 42.

Two -digit gains were published by a handful of symbols. The best performance of artists was as follows:

Dogwifhat

As of the last examination on Wednesday morning, DogwFhat (WiF) was the best winners among the 100 largest encrypted currencies on the market.

source: Coinmarketcap

The Mimi currency has increased by 8.2 % over the past 24 hours, as it was traded at $ 1.23, as it has regained most of its losses since the past four days.

Its ceiling on the market amounted to $ 1.2 billion, while the daily trading volume doubled three times to $ 1.46 billion.

Today’s gains are driven by an advertisement from the official X account for DogwFhat.

The publication stated that the distinctive symbol amulet will appear in the field of Las Vegas.

Although it is informal, this ignited the renewed purchase activity of whales and increased WiF’s accumulation on the exchange governor.

The most prominent whale portfolio called “ANSEM”, which bought 915,828 WIF for 1.2 million US dollars – was the first to buy for the first time in three months. WiF is now the only main Mimi currency to hold the journalism time.

UNISWAP

UNISWAP (UNI) increased by 5 % over the past day, exchanged hands at $ 11.67 at the time of publication. The maximum market was up to $ 7 billion with a circulating supply of about 600 million UNI icons.

source: Coinmarketcap

ALTCOIN gains can be driven by the investor’s interest before the launch of the uniswap v4.

This week, the release is scheduled, is expected to enhance UISWAP’s infrastructure with improving liquidity and support for hooks and integration.

Analysts have noticed that UNI has recently erupted from a similar triangle style, a upscale signal that might mean that altcoin may likely see more gains.

bittsensor

BitTensor (TAO), Amnesty International’s symbol carries 43th among the largest encryption assets in the market that retains 5 % registered during the day before writing.

With a rise in the day during the day $ 487.17, Tao extended weekly gains to more than 11 %, while the market ceiling reached $ 3.76 billion.

source: Coinmarketcap

Followed by Tao’s gains after Giant Giant Giant Grayscale announced that it had opened the decentralized artificial intelligence fund for accredited investors.

TAO is one of the cryptocurrencies that focus on artificial intelligence that investors can be exposed through this fund.

Some gains were also fed through some purchasing operations between merchants after the Tao price collapsed with the disintegration of deep failure.

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