Bitcoin Stabilizes Ahead of Fed Decision as Investors Hedge Against Pullback

The cryptocurrency market is awaiting the U.S. Federal Reserve's interest rate decision, and Bitcoin has stabilized around $64,544 levels after sharp volatility in the last 48 hours.

Data from derivatives markets shows investors' pre-Fed strategies: put options with strike prices of $62,000, $60,000, and $54,000 are volume leaders in Bitcoin options, indicating investors are hedging against a possible pullback.

Ethereum and certain altcoins, such as Cardano, TRON, and Ripple, show bullish expectations with call options predicting price increases ranking at the top.