Bitcoin is currently trading around $104,900, down roughly 1.4% intraday following a brief peak above $106,400 .
Ethereum sits near $2,534, off about 1.4% on the day .
The total crypto market cap is hovering near $3.27 trillion, reflecting a modest pullback .
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What's Moving the Market
🏦 Federal Reserve Watch
The market is in a holding pattern ahead of today’s U.S. Federal Reserve decision and weekly U.S. jobless claims. Any hawkish tone or indication of delayed rate cuts could drive further weakness .
⚔️ Geopolitical Tensions
Rising Middle East tensions—particularly involving Israel and Iran—have triggered investor flight to safe assets, keeping pressure on risk assets including crypto .
🏛️ Regulatory & Legislative Developments
The U.S. Senate passed the GENIUS Act, imposing stablecoin regulation, but broad crypto sentiment remains cautious as lawmakers await House review .
The SEC has reportedly paused its lawsuit against Binance and Justin Sun, signaling a potential shift toward regulatory accommodation .
🔥 Altcoins & Tokens
Shiba Inu (SHIB) faces a slight downturn, showing short-term weakness .
Dogecoin (DOGE) nears a breakout point from a symmetrical triangle, which could herald a drop of up to 30% if it breaks downward .
XRP is gaining momentum, boosted by technical breakout above $2.20, rising ledger activity, and interest tied to Ripple’s potential IPO .
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➖ Key Risks Ahead
Fed decision later today: The tone could set the next major directional move.
Geopolitical instability: Any flare-ups may push capital out of crypto and back into safe havens.
Regulatory uncertainty: Although Senate progress is positive, final outcomes depend on the House and potential implementation details.
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🔍 Interpretation
The crypto market is displaying typical “risk-off” behavior ahead of critical macroeconomic and geopolitical events—waiting on Fed guidance, sidelined by global instability, and influenced by mixed legislative signals. Despite this, there’s still underlying strength seen in select altcoins like XRP and continued institutional int
erest in products like Solana and Bitcoin ETPs .
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