Crypto Market Shrugs Off Impending Fed Rate Hike

The crypto market's capitalization has remained relatively stable over the past four days, hovering within the $2.60, $2.72T range. This stability comes despite the impending rise in the Federal Reserve's key interest rate, which some analysts expected to send shockwaves through the market.

Over the past 24 hours, some significant movements have taken place. The top gainers include Bitcoin (+22%), Ethereum (+4.6%), and Near Protocol (+4.4%). In contrast, the top three decliners are USDC (-2.5%), Tether (-1.5%), and USD Coin (-0.9%).

Bitcoin has seen a solid boost from buyers, holding above $76K and reaching nearly $77.6K since Monday morning. From a technical perspective, some analysts believe that the price may rise to around $80K without significant resistance.