Bitcoin dips below $65,000 ahead of the Fed’s first rate decision under Chair Kevin Warsh, with traders seeking inflation guidance.
Uniswap’s UNI token extended gains, defying a broader crypto market pullback as Bitcoin fell below $65,000. The rally follows a bullish forecast from Standard Chartered and deflationary tokenomics driving demand.
The CoinDesk 20 Index dropped 1.2% as traders await the Federal Open Market Committee’s first decision under new Fed Chair Kevin Warsh. Markets expect no immediate rate change but are focused on Warsh’s inflation stance during his press conference.
Derivatives data shows subdued activity, with futures volumes and open interest declining. Bitcoin’s 30-day implied volatility remains near multiweek lows, reflecting cautious sentiment ahead of the Fed’s guidance.