Bitcoin and Ethereum Rise as Markets Await the Fed

Market Activity

Bitcoin is trading just below the $89,000 level during Asian trading hours, achieving limited gains. Investors are awaiting the critical decision from the Federal Reserve as market fluctuations continue.

Weak Dollar and Historic Records

The weakening U.S. Dollar and the global stock market records driven by technology stocks and optimism in artificial intelligence support risky assets. However, cryptocurrencies appear to be lagging behind valuable metals like gold and silver during this period.

Analysts' Opinions

Experts indicate that the bounce of Bitcoin from the $86,000-$87,000 range reflects not a strong momentum but rather a sign of decreasing leverage and short-term stability. Markets are cautiously observing as they prepare for the Federal Reserve's guidance and the earnings reports of major technology companies.