Cryptocurrency Market Trades Sideways Amid US-Iran Tensions and Fed Decision

The cryptocurrency market is experiencing neutral-to-slightly bullish conditions on Thursday, despite US-Iran tensions escalating in the Middle East. Bitcoin (BTC) continues to hold above $64,000, while its immediate upside remains capped.

Ethereum (ETH) hovers above the $1,900 short-term support level and the 50-day EMA at around $1,848, but is still capped by the 100-day EMA at about $1,932. XRP rises gradually for a third consecutive day, but its technical structure remains weak.

Crude Oil prices remain well-supported, with West Texas Intermediate (WTI) trading above $82 per barrel. The Federal Reserve left interest rates unchanged on Wednesday in the 3.50%-3.75% range, meeting market expectations.