Markets Shrug Off US-Iran Conflict, Await Fed Decision
Market participants are shifting their focus from the US-Iran conflict to the upcoming Federal Reserve interest rate decision, as Bitcoin and Gold struggle to gain momentum. BTC has slipped below $65,000, while XAU remains stagnant in the $4,000-$4,100 range. The Federal Reserve's decision is expected to have a significant impact on the markets.
Ripple (XRP) continues to trade within a narrow range, with support at $1.10. However, its upside remains constrained due to low demand from both institutional and retail investors.
Zcash (ZEC) has declined below $500, weighed down by broader market headwinds. The token hit highs around $589 in mid-July, supported by increasing retail appetite and a robust technical structure.