Although the US Federal Reserve left interest rates unchanged as widely expected, Bitcoin briefly fell to a multi-day low just under $75,000 before recovering roughly $1,000.
Among larger-cap altcoins, Ethereum and HYPE took the biggest hits, while RAIN bucked the trend with a notable 6% gain.
BTC Rebounds After FOMC Dip
Despite geopolitical developments — including a halted US delegation trip to Pakistan linked to potential Iran peace talks and an alleged attempt on a political figure at a White House event — Bitcoin started the trading week positively. After trading near $77,500 through Saturday and most of Sunday, BTC jumped to about $79,500 on Monday morning.
Bears quickly stepped in and pushed the price back toward its prior level. Hours later, Bitcoin sank again to roughly $76,500. Selling pressure continued into Tuesday, driving BTC below $76,000 before it rallied to nearly $78,000 ahead of the highly anticipated third Federal Open Market Committee (FOMC) meeting on Wednesday.
When the meeting concluded and the Fed confirmed no rate change, as expected, Bitcoin slid once more to just under $75,000. It has since recovered by about $1,000 but remains down more than 1% on the day. Bitcoin’s market capitalization has eased to approximately $1.520 trillion, with its dominance over altcoins holding near 58% on CoinGecko.
WLFI, PI Drop
Most large-cap altcoins are trading lower today. Ethereum has fallen roughly 3% to about $2,250. HYPE lost the $40 support level after a roughly 2.5% decline. Other major tokens such as BNB, XRP, SOL, ADA, BCH, and LINK are down about 1–2%.
WLFI is the weakest performer among the top 100 altcoins, plunging more than 16% to around $0.06 following recent reports of a suspicious partnership. Pi Network’s token also suffered, dropping about 11% to near $0.175 after being rejected at the $0.20 resistance level yesterday.
In contrast, RAIN rose about 6% to nearly $0.008, defying the broader market correction.
The total cryptocurrency market capitalization has declined by more than $60 billion since yesterday’s high, now sitting near $2.62 trillion on CoinGecko.