Crypto Markets Now Steady as Fed Decision Looms

Bitcoin continues to hover around $74,000, and leading altcoins like Ethereum are also showing stability. The Fed will meet this evening to discuss the US key interest rate.

Bitcoin, the king of crypto, remains unchanged from previous day

Bitcoin was trading at just over $74,000 on Wednesday morning, unchanged from the previous day. Bitcoin ETFs, however, showed a slight uptick with an inflow of $199 million, and a positive monthly result seems within reach for the first time since October 2025.

Market participants are focusing their attention on the US Federal Reserve, which is set to decide today on a possible interest rate cut. Lower interest rates typically benefit Bitcoin and other cryptocurrencies, as investors then look for alternatives to fixed-income investments.

However, the Iran nuclear deal poses a risk of inflation, and according to CME Fed Watch, 99 percent of surveyed experts expect the Fed to leave the US key interest rate unchanged at 3.5 to 3.7 percent. Therefore, the focus will likely be on the wording of the announcement and the outlook for the summer. US President Donald Trump is pushing for rapid interest rate cuts and has already nominated Kevin Warsh as the successor to Fed Chair Jerome Powell.

A look at Ethereum

Ethereum is holding steady just above $2,300. Ethereum ETFs posted gains of $138 million on Tuesday, confirming their positive trend.

News from the Ethereum ecosystem has emerged that the Tally platform is discontinuing its services. CEO Dennison Bertram cites a lack of economic viability as the reason for the move . Tally offers a standardized solution for organizing decentralized organizational units ( DAOs) for the self-governance of crypto projects.

Within the Ethereum community, for example, the decentralized cryptocurrency exchange Uniswap and the Layer-2 arbitrum used Tally. Bertram writes that they are in discussions with business clients to continue Tally as a paid service.

Altcoins: Some win, some lose

Perhaps the news of Tally’s demise was the reason for DEXE’s 10 percent daily gain. Since this project, like Tally, focuses on the technological foundation for DAOs, DEXE is the day’s winner due to the price jump.

The biggest loser of the day is KITE, down 7 percent. The project launched on cryptocurrency exchanges in November and aims to establish a payment service for AI agents. However, KITE faces stiff competition in the field of artificial intelligence and blockchain.

The sentiment barometer for the crypto markets remains at “Neutral”; investors are apparently getting used to the Iran war – but is that a good sign?

Stablecoins are on the rise, and PayPal is expanding its PYUSD

In a press release , PayPal announced that its stablecoin PYUSD is now available in 70 markets worldwide, including the European Union. Previously, PYUSD was officially only available in the US.

Credit card giant Mastercard also sees opportunities in the stablecoin market and is acquiring BVNK, a leading financial services provider in this sector. According to the press release, Mastercard is paying $1.8 billion for BVNK, a significant move in the crypto industry.

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(Featured image by Coinhako via Unsplash)

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