Crypto Markets Hold Steady Amid Broader Weakness

The crypto market is holding steady for now, but altcoins are lagging behind. Bitcoin and ether prices remain above their 50-day averages, indicating some bullish momentum, but only 29 of the top 100 cryptocurrencies trade above this level.

This weak broader market may be due in part to the U.S. Senate's postponement of the Digital Asset Market Clarity Act, a key catalyst for institutional crypto buying that has been removed from consideration for now.

Market watchers are also keeping an eye on the Federal Reserve's interest rate decision, which could impact crypto volatility.

Rising bond market volatility may pose additional risks to risk assets like cryptocurrencies, further complicating the market landscape.