Bitcoin hovers around $90,000 as investors await the Federal Reserve meeting for a potential market catalyst. Both Bitcoin and Ethereum saw slight dips in the last 24 hours, with major altcoins experiencing more significant declines. The global crypto market capitalization also edged down, reflecting broader macroeconomic influences on digital asset sentiment.
Bitcoin has consolidated around the $90,000 level as cautious investors wait for the upcoming Fed meeting as a potential catalyst for the next move. The cryptocurrency was trading at $89,705 level.
In the past 24 hours, Bitcoin and Ethereum slipped by 0.19% and 0.62% respectively. Among the major altcoins, Solana, Tron, Dogecoin, and Cardano went down by nearly 4.30% in the same period whereas BNB, XRP, and Hyperliquid went up by 5.32%.
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The global crypto market capitalisation edged down 0.27% to $3.02 trillion, according to CoinMarketCap.
Piyush Walke, Derivatives Research Analyst, Delta Exchange said Bitcoin is trading near $90,000, maintaining its choppy price action and struggling to break decisively out of its tight week-long range between roughly $88,000 and $91,000.
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From a technical perspective, Bitcoin faces major resistance around $91,500, while Ethereum could encounter a key supply zone between $3,050 and $3,100, Walke added.
In the past week, Ethereum and Bitcoin went down by 10.05% and 5.88% respectively. In the same period, major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid went down upto 12%.
Nischal Shetty, Founder, WazirX said crypto markets over the past 24 hours have continued to mirror broader macroeconomic developments, reinforcing how closely digital assets are now integrated with global risk sentiment.
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Overall, recent activity underscores crypto’s deeper integration into the global financial system. Short-term Macro factors are shaping short term fluctuations, while market structure and participation remain stable, supporting continuity in underlying market dynamics, Shetty added.
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