Bitcoin’s Epic Climb to $105K Post-Fed Shakeup – Will Altcoins Wake Up? (Market Watch)
Bitcoin's making a power play for $105K after the Fed's latest move—meanwhile, altcoins are stuck in neutral.
The Fed Effect: Crypto's Tug-of-War
Powell & Co. drop the hammer, and BTC responds with a knockout rally. Traders are all-in on the volatility buffet—classic 'buy the rumor, sell the news' with extra leverage.
Altcoin Alley: Ghost Town Vibes
While Bitcoin flexes, ETH and friends are flatlining. No narrative, no pumps—just degenerate gamblers rotating into meme coins (again).
Bottom Line:
Crypto's still a one-asset show. The 'altseason' hopium? On life support until liquidity gets its second wind. *Cue hedge funds pretending this was their macro thesis all along.*
Bitcoin Price Battles for $105,000
At the time of this writing, Bitcoin’s price is trading at around $104,800, marking a very slight increase of around 0.2% on the daily chart seen below.
It’s worth noting that the cryptocurrency had declined to around $103,600 but the bulls were quick to intercept the move and pushed the price back towards $105K.
This comes immediately after the US Federal Reserve decided to keep the general interest rates unchanged in the range between 4.25% and 4.5%. This is what the majority of the traders were expecting. In fact, according to Polymarket, there was less than 1% chance for the institution to go with a 25bps cut.
Nonetheless, the FOMC update also included a few additional remarks, which do mark a slight change of tone. Most notably:
- Ups inflation forecast to 3%
- Cuts 2025 GDP forecast to 1.4%
- Sees 50bps in cuts this year
- Rates projected at 3.6% in 2026 and 3.4% in 2027
At the same time, president Donald TRUMP continues with his hostile rhetoric towards Fed Chairman Powell, calling him “stupid,” and insisting that the country is losing billions of dollars because of the institutions refusal to cut rates. The political pressure seems to be mounting.
Altcoins Stagnate
Perhaps somewhat expectedly, the altcoins market is also stagnating and failed to chart any notable moves throughout the past 24 hours.
As you can see in the heatmap below, most of the alternative cryptocurrencies are trading at more or less breakeven, with a few notable exceptions, of course.
For example, Uniswap’s native token – UNI – managed to increase by more than 5%, defying the market slowdown, as well as OKB, which is up by almost 8%.
On the other hand, Hyperliquid’s HYPE continues crashing and is down another 7% in the past 24 hours, currently trading below $38.
