The crypto market shows mixed signals. Bitcoin $BTC is currently trading just below $64,000, a slight dip caused by the Federal Reserve's decision to hold interest rates steady and global political uncertainties. However, indicators suggest that a significant market movement could be imminent due to low exchange reserves and compressed volatility, as measured by Bollinger Bands. Bitcoin's dominance remains high, hovering above 55%, with stable coins like $BNB $USDT also gaining ground.
While some experts believe the market is consolidating, with potential for a breakout to $70,000, the overall sentiment leans towards cautious optimism, depending on macroeconomic factors and upcoming geopolitical events.