Synopsis
The cryptocurrency market experienced a slight downturn as investors awaited the U.S. Federal Reserve’s policy announcement. Bitcoin remained relatively stable around $94,000, while altcoins faced larger declines. Market analysts pointed to technical indicators, institutional activity, and macroeconomic uncertainties as factors influencing market behavior, with Bitcoin dominance increasing amid risk-off sentiment.
The broader cryptocurrency market edged lower on Tuesday, with Bitcoin holding steady near the $94,000 mark amid investor caution ahead of the U.S. Federal Reserve’s policy announcement. Altcoins faced steeper losses, while market participants weighed technical signals, institutional activity, and macroeconomic uncertainties.
As of 11:17 AM IST, Bitcoin was down 0.2% at $94,371 after hitting an intraday high of $95,193. Ethereum fell 0.3% to $1,802, while the global crypto market cap slipped 0.38% to $2.93 trillion.
“Bitcoin is trading near $94,500, showing signs of consolidation after a steep rally,” said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. “Technical indicators suggest weakening momentum, with RSI cooling near neutral zones. Key support lies at $90,000 and $88,800, while resistance looms at $95,000 and the psychological $100,000 mark.”
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TOP COIN SETSBTC 50 :: ETH 50-2.27% BuyCrypto Blue Chip – 5-2.77% BuySmart Contract Tracker-3.32% BuyNFT & Metaverse Tracker-5.60% BuyWeb3 Tracker-8.69% BuyTOP COINS (₹) BNB50,590 (1.6%)BuyTether84 (0.23%)BuyBitcoin7,978,806 (0.01%)BuyEthereum152,489 (-0.48%)BuyXRP178 (-2.65%)BuyAccording to Vishwanath, a breakout above $100K could open the door to targets between $104K and $109K. “On-chain data shows increased whale accumulation and active addresses, hinting at long-term bullish intent. However, macroeconomic uncertainty and upcoming Fed signals may cause short-term volatility.”
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View Details »“Bitcoin continues to trade within a consolidation range, showing minimal price movement,” said Piyush Walke, Derivatives Research Analyst at Delta Exchange. “Implied volatility remains subdued, and Bitcoin dominance has steadily increased to 63.46%. This reflects a lower risk appetite and a flight to safety during uncertain conditions.”
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Ethereum has also been range-bound, trading between $1,800 and $1,900. “A breakout above $1,938 could signal a reversal, while a drop below $1,800 may lead to further declines. RSI is nearing oversold territory, suggesting a potential short-term bounce,” Walke added.
Also Read: Crypto market regains bullish momentum amid economic shifts and institutional inflows
Altcoins bore the brunt of the market pullback. XRP dropped 2.5%, Cardano 3.2%, Chainlink and Stellar both fell 3.5%, and Litecoin tumbled 6.5%. Solana and Dogecoin also posted losses. BNB stood out as the only gainer, posting modest upside.
Vikram Subburaj, CEO of Giottus Crypto Platform, pointed to strong institutional interest. “Bitcoin saw sharp intraday swings between $93,600 and $95,174 as traders braced for tomorrow’s US Fed interest rate decision. MicroStrategy’s purchase of 1,895 BTC helped steady the price,” he said.
Subburaj added that if spot ETF inflows remain strong and the Fed strikes a neutral tone, Bitcoin could resume its uptrend. “However, a hawkish stance or fresh recession fears might cap upside. $92,000 should act as strong support in that case,” he noted.
According to the CoinSwitch Markets Desk, Bitcoin traded between $93,700 and $95,100 on Monday and is currently hovering around $94,110. “The 14-day RSI stands at 59.66%, reflecting a neutral stance, while the MACD oscillator shows slight bullish momentum with a reading of 2,637.15,” the desk noted.
BTC also remains above its 20-day, 50-day, and 100-day moving averages, indicating ongoing bullish strength despite the recent pullback. However, geopolitical concerns added pressure after U.S. President Donald Trump proposed a 100% tariff on foreign-made films, spooking global risk markets.
With Bitcoin dominance rising to 63.87% and stablecoins contributing over 94.5% of total trading volume, the market is clearly in risk-off mode. Still, analysts suggest the $93,000–$95,000 zone may serve as a springboard for renewed momentum.
“If BTC can sustain above $93K, retesting all-time highs could happen quickly,” CoinSwitch analysts said. “But if it stays range-bound, that could set the stage for an altcoin rally.”
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
