[LIVE] Bitcoin Price Alert: Will Powell Signal Cuts at 2:30 PM? Fed Holds Rates at 3.5-3.75% as Expected
Bitcoin is buying and selling round $89,000 this morning as crypto markets brace for the Federal Reserve’s coverage announcement at 2:00 PM ET.
The FOMC meeting is anticipated to maintain charges regular within the 3.5%-3.75% vary with 97% market consensus, however Fed Chair Jerome Powell’s 2:30 PM press convention might set off sharp volatility throughout digital property.
XRP trades close to $1.89 whereas Solana sits round $127, each consolidating after weekend weak spot that erased over $100 billion from crypto markets in hours.
Beyond present value motion, historic patterns counsel merchants ought to strategy right this moment’s choice with warning. Bitcoin has declined in seven of the final eight FOMC conferences, averaging 9% drops following Fed bulletins in 2025.
Critical help ranges embody the 100-week transferring common at $87,145 and the ETF purchaser price foundation close to $84,099, which has held throughout latest consolidation.
Adding to those technical considerations, spot Bitcoin ETFs shed $1.33 billion over the past week whereas Ethereum ETFs misplaced $611 million, reflecting weak institutional urge for food. The Crypto Fear & Greed Index has additionally plunged to “excessive concern” territory earlier this week as markets place defensively.
Compounding the financial coverage uncertainty, macro crosscurrents are creating extra volatility triggers. The greenback hit a four-year low after Trump’s remarks dismissing forex weak spot, briefly lifting Bitcoin above $89,000 earlier than fading.
Gold surged previous $5,200 as safe-haven flows intensified, with 76% Polymarket odds of a authorities shutdown by month-end including political threat.
Trump’s anticipated Fed chair successor announcement this week and protracted tariff threats create extra wildcards that would overshadow Powell’s ready remarks.
Given all of the dynamics, analysts see Bitcoin trapped between the low $80,000s and mid-$90,000s till regulatory readability improves, with Powell’s tone on inflation and fee path mattering greater than right this moment’s choice itself.
Whether the Fed chair delivers dovish reassurance or maintains hawkish vigilance might decide if crypto reclaims momentum or assessments deeper help via February.
Live Updates: Bitcoin’s Reaction to Powell’s Press Conference
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