Bitcoin (BTC) and Ethereum (ETH) rose on Thursday, reversing initial losses after the Federal Reserve held interest rates steady and reiterated concerns about inflation. Bitcoin climbed 2.6% in early trading to trade above $105,
Bitcoin’s market dominance is fueled by strong ETF inflows, political backing, and Ethereum’s continued underperformance.
A notable development adding to market interest has been the involvement of Trump-affiliated World Liberty Financial (WLF). The decentralized finance project made headlines in December 2024 by purchasing 722 ETH, valued at approximately $2.5 million at current market prices.
Leading cryptocurrencies lifted on Wednesday, defying the stock market's decline as the Federal Reserve snapped its interest rate-cutting streak. Cryptocurrency Gains +/- Price (Recorded at 8:15 p.m.
The two tokens' relative performance is more a sign of bitcoin strength than ether's weakness, one observer said.
The altcoin industry, led by Ethereum, has been bleeding to Bitcoin in the recent past as whale investors fear a potential crypto selloff.
Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
Ethereum maintains price levels above $3,100 as exchange reserves hit multi-year lows, creating a potential supply squeeze despite mixed technical signals and relative weakness against Bitcoin.
Bitcoin, Ethereum, and Ripple are nearing critical support levels, risking further corrections if they close below.
That's not confirmed, but it's the fear of the market today and fear and uncertainty aren't things the market likes. Tech has fueled a lot of the market's gains over the past two years so it's no surprise it will fuel its fall as well.
Inflows to crypto products hovered around $2 billion for the second week in a row, with Bitcoin seeing more than 80% of those inbound funds.
Crypto trader Follis, in a recent X post, indicated that the classic FOMC shakeout could flush weak hands, reset leverage, then send it higher. If Bitcoin recovers quickly post-FOMC, it's just more fuel for the uptrend.