- Awaiting the decision on interest rates from the US central bank, Bitcoin tests 95 thousand dollars -

The $BTC operates slightly higher this Tuesday (6), testing US$ 95 thousand, after a session in which it remained weak, reflecting the caution of investors ahead of the monetary policy decision from the Federal Reserve (Fed, the US central bank), scheduled for Wednesday.

Around 4:15 PM (Brazilian time), bitcoin was up 0.26%, quoted at US$ 95,078.43, while ethereum was down 2.15%, at US$ 1,786.54, according to data from Binance.

For analyst Alex Kuptsikevich from FxPro, if the Fed opts to cut interest rates or signal a faster or more aggressive easing cycle than expected, this could boost cryptocurrency prices. For now, however, traders are pricing in a 96% probability of maintaining interest rates at this meeting, according to the tool.

The sideways behavior of the $BTC follows the tone of the American stock markets, which entered a wait-and-see mode after a strong surge in the second half of April.

“This strategic pause, after overbought levels, can be healthy and pave the way for new gains”

source: e/investor