[LIVE] Crypto Price Tracker: Is the Fed’s 98% Likely October 29 Rate Cut the Catalyst Crypto Has Been Waiting For?

The crypto market is treading water on (*29*) 29 as buyers await the Federal Open Market Committee (FOMC) charge resolution — a second that might redefine short-term momentum throughout digital property. Prediction platform Polymarket now locations 98% odds on a 25-basis-point charge reduce, reflecting near-unanimous market conviction that the Federal Reserve is able to loosen financial situations.

Bitcoin (BTC) trades round $113,000, exhibiting restricted volatility forward of the announcement, whereas Ethereum (ETH) holds close to $4,000. Solana (SOL) is up 1.8% at $199, and XRP trades regular at $2.69, as merchants undertake a wait-and-see stance.

Analysts recommend {that a} dovish end result may set off a reduction rally throughout threat property, probably pushing Bitcoin towards $117,000 and lifting main altcoins by 3–5% in the quick time period. However, any trace of hawkish commentary or hesitation to decide to additional easing may shortly reverse positive aspects, particularly given elevated leverage and skinny liquidity situations throughout exchanges.

The Crypto Fear & Greed Index sits at 51 (Neutral), indicating a fragile steadiness between optimism and warning. With inflation moderating and markets anticipating a friendlier coverage tone, merchants are eyeing Powell’s press convention for readability on the Fed’s longer-term stance.

Stay tuned for stay updates and worth reactions as the FOMC resolution unfolds and crypto markets reply in actual time.

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