Bitcoin Steadies Near $65,000 Amid Fed Await

Cryptocurrency markets traded cautiously on Wednesday afternoon as traders awaited signals from the Federal Reserve's policy decision. Bitcoin held steady around $65,000, while Ethereum hovered near $1,790 after posting modest gains.

The digital asset market showed mixed performance, reflecting a balance between improving risk sentiment and lingering concerns about US interest rates. Investors continued to weigh Bitcoin's appeal as an alternative asset against the prospect of tighter monetary policy.

Markets expect the Federal Reserve to leave interest rates unchanged, but traders are more interested in policymakers' outlook for the remainder of the year. Any indication that another rate hike remains possible could strengthen the US dollar and pressure cryptocurrencies.