CryptMarket Analysis — 19-09-12
Markets are digesting the Federal Reserve's first rate cut since December, with crypto assets largely steady and major tokens like Bitcoin, Ethereum, and Dogecoin showing muted volatility. The decision to drop rates by 25 basis points to 4–4.25% has failed to spark a broad rally; instead, ETF inflows are reversing and Ethereum in particular is under pressure as Citigroup issues a bearish $4,300 year-end price target. Regulatory momentum also picked up, with the SEC approving an easier spot crypto ETF listing process—potentially paving the way for more mainstream products, though this has yet to translate into immediate market gains. The short-term sentiment is cautiously optimistic but clouded by profit-taking risks and macro uncertainty.
Overall, traders appear to be on the defensive, rotating into stablecoins and altcoins with yield or institutional appeal, such as Solana, while keeping an eye on regulatory developments and institutional flows. The muted reaction to Fed policy and the mixed ETF news suggest a market in wait-and-see mode, with downside pressure on majors and selective optimism in pockets of the market.