Cryptocurrency markets remain cautious as traders await the Federal Reserve’s policy announcement amid volatility expectations.
Bitcoin held above $64,300 as investors positioned for the Federal Reserve’s upcoming rate decision, anticipating heightened market volatility. The largest cryptocurrency traded at $64,343, up 1.32% on the day, while Ethereum rose 1.75% to $1,917.
The total cryptocurrency market capitalization stood at $2.28 trillion, with Bitcoin dominance at 56.6%. The Fear & Greed Index registered 29, indicating prevailing market fear. Altcoins showed mixed performance, with small-cap tokens like Jimothy The Raccoon and Orochi Network posting gains of 67% and 49%, respectively.
Recent funding rounds included Birdai’s $4 million seed round and Axis Robotics’ $12 million seed round, reflecting ongoing venture activity in the sector.