Ethereum has hit resistance levels at 3800-4000, market capitalization cannot surpass 4 trillion, and the dominance index is above 61.50%.
SOL has pulled back to 190 (most likely dumping PumpFun), while BNB updated its maximum above 800.
So far, everything is as mentioned yesterday - in the absence of new information for growth, we will remain in the current range until the Fed meeting (which will take place exactly a week from now). Or we might take a small refuel if there is a reason for it.
The external environment is favorable - the S&P 500 continues to rise, and the dollar index is below 97.5.
But today, Tesla's report is expected, where it is unlikely to be anything positive due to falling sales. And the market is anticipating negativity from this report.
Google will also report. However, since both reports will be at 23-23:05, the stock market will react to them tomorrow.
The crypto market may react immediately if there is something to react to (significantly better or significantly worse than expectations, or if Bitcoins have disappeared from Tesla's balance sheet).
If everything is more or less within expectations, crypto will ignore this topic.
Another hot topic is Powell's resignation. Yesterday there was a rumor that he had supposedly already written a resignation letter, which turned out to be false. It seems this was a test of the market's reaction.
It is highly likely that there will be a real resignation soon (before the meeting or immediately after).
Then Trump will place his person in the Fed, who will lead the matter to a 1% rate, which Trump has mentioned many times.
For crypto, this is the best option. Meanwhile, the stock market may be quite volatile.
The news background is not diverse.
Public companies are massively buying Bitcoin, Ethereum, and Solana.
- The Mexican developer Grupo Murano plans to buy BTC on its balance sheet for $1 billion. And then another $10 billion over the next 5 years.
Shares of companies that bought or are buying Ethereum for their balance sheets have risen in the past month from 40% to 800%. This will ensure these companies a large number of followers.
- MEI Pharma plans to buy LTC for $100 million. And its shares immediately rose by 100%.
The company Upexi purchased another 83,000 SOL for its balance sheet.
And this is far from all, the first thing that caught my eye, there are many such stories now.
Interesting:
JPMorgan plans to start issuing loans secured by cryptocurrencies from 2026.
Back in 2017, their CEO Jamie Dimon called Bitcoin a fraud. And now he has completely changed his stance.
They plan to issue fiat against cryptocurrency collateral starting in 2026. Just at the height of money generation. Note that no one, for some reason, suggests issuing Bitcoin against fiat collateral.
Because those in the know understand that fiat is a pyramid. And Bitcoin is a way out of it.
The market plans remain unchanged - Bitcoin in the range of 115000-120000, altcoins are growing selectively.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
