Bitcoin Holds Near $65,260 Ahead of Federal Reserve Rate Decision
Bitcoin held steady near $65,260 as traders awaited the Federal Reserve's decision on interest rates. The cryptocurrency gained 1.27% in the past 24 hours, but its momentum was tempered by weakening ETF inflows after a recent surge.
Ethereum led the charge among major altcoins, rising 3.67%, while Hyperliquid and Solana added 3.08% and 1.68%, respectively. Analysts see Bitcoin's key upside zone as $66,000 to $68,000, with a break below $64,200 potentially triggering a decline toward the $62,500 support level.
Despite lingering geopolitical tension and cautious market sentiment, long-term holders appear to be trimming their sales, suggesting a sustained break above $66,000 could open the path toward $68,000.