"Bitcoin Shows Signs of Rise Before the Fed"

Bitcoin Shows Signs of Rise Ahead of Fed Meeting

As the Fed's decision will be announced this evening, the pressure on the dollar index continues while stock markets and crypto assets have recorded a recovery.
According to CoinMarketCap data, Bitcoin, which started the week moderately, fell to around 86 thousand dollars, but increased by over 1% in the last 24 hours, trading around 89,300 dollars.

Ethereum and Market Value

The second most valuable crypto asset in the market, Ethereum, rose above 3,000 dollars with a 3% increase. Other high-market-cap altcoins are also trading in the green. The total cryptocurrency market value gained approximately 2% and reached 3.03 trillion dollars.

Calm Atmosphere in the Crypto Market

This calm atmosphere in the crypto market reflects the stable situation in other markets. Global stocks increased their gains, Asian stocks reached record highs, and the S&P 500 closed at a new peak. U.S. index futures are also showing an upward trend.

Rise in Technology Stocks

Technology stocks led the rise thanks to optimism about spending on artificial intelligence and strong expectations for the earnings reports of high-market-cap companies that will be announced this week.

Weakness of the Dollar and Crypto Market

While investors evaluate signals regarding the reduction of concerns about a weak dollar under the Trump administration, the dollar has fallen to its weakest level since early 2022, dropping to 95.5 this week. A weak dollar has led to increases in the prices of gold and silver, but crypto assets have not managed to keep up with this situation.

Increased Interest in Bitcoin ETFs

U.S. spot Bitcoin ETFs recorded a net inflow of 6.8 million dollars on Monday, following five days of outflows. However, a withdrawal of 147.37 million dollars was experienced yesterday. BlackRock’s iShares Bitcoin Trust ETF and Grayscale Bitcoin Mini Trust ETF saw the highest interest with inflows of 15.9 million dollars and 7.7 million dollars, respectively.

David Morrison, senior analyst at Trade Nation, noted that the interest in ETFs is a positive sign following the selling waves Bitcoin experienced in the last two weeks. Morrison mentioned that the lack of a good start for Bitcoin in 2026 was disappointing, but the situation could improve further if ETF inflows increase.