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BEARISH 📉 : Bitcoin and Ethereum prices remain stagnant amid Fed caution
The cryptocurrency markets are exhibiting limited momentum with Bitcoin and Ethereum remaining in narrow price ranges. This stagnation follows the US Federal Reserve's decision to maintain interest rates between 3.50-3.75%.
Fed Policy and Market Impact
- The Federal Reserve held interest rates steady, marking a pause since July 2025 after prior rate cuts.
- Two governors dissented, advocating for a quarter-point cut, indicating differing views on economic conditions.
- The Fed remains focused on maximum employment and a 2% inflation target, impacting risk assets like cryptocurrencies.
Bitcoin and Ethereum Price Movements
- Bitcoin tested $90,000 briefly but failed to hold, settling between $87,000 and $89,000.
- Lack of momentum is evident as Bitcoin Spot ETFs saw $28.1 million in outflows recently.
- Ethereum mirrored Bitcoin, breaking $3,000 briefly before retracting to around $2,900.
- Spot Ethereum ETFs experienced $28.10 million in inflows, yet this hasn't resulted in sustained momentum due to profit-taking and resistance at $3,000.
Both Bitcoin and Ethereum are likely to remain within their current ranges until a significant catalyst arises.
