Bitcoin, Ethereum, Dogecoin, XRP Hold Steady as Fed Leaves Rates Unchanged

Major cryptocurrencies have not meaningfully reacted to the Federal Reserve’s decision to maintain the Federal Funds rate, trading sideways after the announcement.CryptocurrencyTickerPriceBitcoin$64,176Ethereum$1,909Solana$74.03XRP$1.08Dogecoin$0.07087Shiba Inu(CRYPTO: SHIB)$0.054756Notable Statistics:Coinglass data shows 96,672 traders were liquidated in the past 24 hours for $316.23 million. SoSoValue data shows net outflows of $49.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $14.5 million.In the past 24 hours, top gainers include KAITO, Audiera and Pi.Notable Developments:‘Bitcoin Doesn’t Need CLARITY,’ Anthony Pompliano Says: ‘We’ll Hit All-Time Highs Either Way’HYPE Is Cheaper Than COIN, HOOD, CRCL, PYPL, Grayscale Argues—So Why Is PURR Going Down?Bitcoin’s Fair Value Is $95,000, Schwab Research Chief Says: Here’s WhyBitcoin Volume Hits 2023 Lows as Analyst Warns Fed Hike Would ‘Have Serious Legs’Grayscale CEO Sells GXRP as XRP Trades 70% off the Highs: What’s Happening?XRP Ledger Adoption Accelerates: Is That Bullish for XRP?Trader Notes:Crypto chart analyst Ali Martinez highlighted that Bitcoin whales accumulated 29,075 BTC over the past week despite the recent price pullback. This signals that large holders are using the dip to increase their positions rather than sell.Trader KillaXBT believes a 10% or larger correction in traditional equity markets could mark Bitcoin’s higher-timeframe macro bottom. While a move to $50,000 remains possible, it would depend on Bitcoin weakening alongside stocks.He adds that bears have roughly six weeks to drive Bitcoin lower. If BTC doesn’t reach the $50,000 level within that window, they believe the opportunity to buy at that price will likely be gone.Trader Ardi argues that $40,000 is an unrealistic base case target for Bitcoin.However, BTC would first need to decisively break below the $48,000–$54,000 range, which has served as one of the market’s strongest support zones over the past five years.Image: Shutterstock