Will the Fed's Decision Propel Bitcoin to $100,000 or More?

The cryptocurrency market is experiencing a significant moment as investors await the Federal Reserve's interest rate decision. Currently, the total crypto market cap stands at $3.18 trillion, with Bitcoin and Ethereum maintaining stable prices near $90,500 and $3,130, respectively.

Recent movements suggest a modest rise in prices, particularly with Bitcoin increasing by 2.3% to $92,496. Analysts anticipate a potential relief rally following the Fed's announcement, with some projecting Bitcoin could reach between $100,000 and $140,000 by year-end.

However, caution prevails as market sentiment could shift towards profit-taking after the news. The upcoming FOMC meeting is heightening volatility, as traders are wary of the implications of a 25-basis-point rate cut.

While some indicators suggest stability, there remains a risk of significant fluctuations in the wake of the Fed's decisions. Overall, the interplay between macroeconomic factors and cryptocurrency dynamics is creating a tense atmosphere for investors.