Bitcoin Holds Steady Near $77K Ahead of Fed Decision

Bitcoin's price has stabilized near $77,000 as investors await the US Federal Reserve's September policy decision. The cryptocurrency's value was down 1.44% in the past 24 hours and stood at $76,985.

Avinash Shekhar, Co-founder & CEO of Pi42, noted that the market is currently driven by macroeconomic cues rather than crypto-specific developments. Elevated bond yields and uncertainty around interest-rate trajectory are keeping risk appetite in check.

Despite this caution, Bitcoin's ability to hold above the $76,000, $77,000 zone indicates underlying demand remains relatively resilient. However, traders should expect volatility to remain elevated around the Fed announcement, as any change in the rate outlook could determine Bitcoin's next directional move.