Fed Meeting Looms Large as Cryptocurrency Market Enters Holding Pattern

The cryptocurrency market is in a holding pattern ahead of the US Federal Reserve's policy meeting on July 28, with investors taking a cautious approach.

BTC is trading near $65,000 and analysts expect it to remain in a consolidation phase, forecasting prices between $64,450 and $66,000.

The recent easing of tensions in the Middle East has improved investor confidence and reduced demand for safe-haven assets, allowing cryptocurrencies to stabilise.

Ethereum is projected to trade between $1,900 and $2,000, with renewed institutional interest and record staking participation creating favourable conditions for price stability.