Crypto Consolidates, Market Sentiment Remains Cautious
The cryptocurrency market generally held steady on Thursday, following a muted reaction to the US Federal Reserve's decision to maintain interest rates. Bitcoin traded around $118,500–$118,700, relatively flat after last week's rally, as the market shied away from risk ahead of the approaching US trade tariff deadline. Furthermore, the Fed's hawkish signal again warned that an interest rate cut was not on the agenda anytime soon.
Meanwhile, most altcoins experienced modest gains, albeit within a relatively limited trend. Ether rose around 1–1.5%, while XRP, Solana, Cardano, and meme tokens like Dogecoin and TRUMP all moved positively but within controlled limits. Analysis suggests that cryptocurrency market dominance remains strong, with cautious sentiment inherent in the global macroeconomic context and developments in US trade tariffs.
Beneath the surface, market fundamentals remain solid. Global crypto market capacity has not shown a significant reaction despite increasing economic and political pressures. The SEC's "Project Crypto" regulatory initiative and the increasing flow of funds into Bitcoin and Ethereum spot ETFs indicate solid institutional adoption. Large transactions from strategic investors and growing crypto equity volumes demonstrate that, despite high volatility, sentiment remains driven by a long-term view of blockchain technology and digital assets as part of global investor portfolios.
Source: Newsmaker.id
