Crypto Prices Flat Ahead of Fed Rate Hike and Senate Vote
The crypto market has remained stable in anticipation of two major events within the next 24 hours. The Federal Reserve is widely expected to hike interest rates by 25 basis points due to strong economic data, which has led to a decrease in recent Bitcoin ETF inflows.
Additionally, the US Senate's cloture vote on the Digital Asset Market Clarity Act will determine the future regulatory framework for digital assets. If the vote fails, it could cause significant market downturns.
Currently, Bitcoin is holding near $77,000, while Ethereum remains stable around $2,477. Meanwhile, privacy coins like Zcash and Monero are showing strong gains, indicating sector rotation amid uncertainty.