Bitcoin near $65,500 as traders await Fed action, altcoins mixed
Business
Bitcoin is hanging out near $65,500 today, with traders playing it safe and watching what the US Federal Reserve does next.
In the past 24 hours, Bitcoin slipped 1% while Ethereum actually climbed 1%.
Most big altcoins like BNB and Solana dropped up to 4%, so it's a mixed bag out there.
Crypto market $2.25 trillion recovery fragile
The overall crypto market cap dipped slightly to $2.25 trillion, and the fear and greed index is stuck at a cautious 25.
Analysts say Bitcoin's recovery feels pretty fragile right now. If it falls below $65,300, prices could drop further toward $64,000.
Still, over the past week, Bitcoin is up 7% and Ethereum jumped 10%.
If the Fed signals friendlier policies soon, that could boost risk-taking and maybe push Bitcoin back toward $68,000.