Bitcoin Holds Steady Amidst Altcoin Slump

While Bitcoin remains stable around $114,000, its altcoin counterparts are struggling. Major cryptocurrencies such as Ethereum, Solana, and Binance Coin have seen declines of about 2%, while Dogecoin also fell amidst this downturn. The market awaits the Federal Reserve’s interest rate decision, with analysts expecting a possible quarter-point decrease in rates. The Fed is expected to adjust rates between 4.00% and 4.25%. Cryptocurrency markets are anticipating further volatility based on these decisions and statements from Fed Chair Jerome Powell.