Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways After Fed Rate Hold

Bitcoin remains around $80,000 despite hawkish Fed policy, hotter inflation and a global tech stock selloff.

Notable Statistics:

• Coinglass data shows 91,245 traders were liquidated in the past 24 hours for $421.7 million.       
• SoSoValue data shows net inflows of $137.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $21.4 million.
• In the past 24 hours, top gainers include Hyperliquid, Pepe and Lighter.

Notable Developments:

Trader Notes:

Crypto Patel highlighted Bitcoin’s history of recovering from major bear markets to reach new all-time highs, identifying $40,000–$60,000 as a potential long-term accumulation zone.

He sees $500,000 as the next macro target, provided key support holds and bullish confirmation emerges.

KillaXBT identified Bitcoin’s FOMC wick high as a critical short-term resistance level. A strong breakout could trigger a squeeze toward $83,000, while failure to reclaim it risks a pullback to $79,000–$80,000.

A breakout above $83,000–$84,000 could open the door to $90,000.

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