Crypto market steady ahead of Fed meeting; Bitcoin holds $115,700, Ethereum above $4,600

The cryptocurrency market traded steady but cautious on Monday as investors awaited key signals from the upcoming Federal Reserve meeting on September 16–17. Market participants are closely watching for monetary policy cues, with the central question remaining: which crypto will hold up best in this uncertain environment?

Bitcoin (BTC) was last seen trading near $115,700 after briefly dipping below $115,000. On the daily chart, the coin has reclaimed the $112,000 support and is now facing resistance near $120,000. A breakout above this level could open the path toward $124,000, while failure to hold $112,000 may risk a retest of $108,000.

Ethereum (ETH) hovered above $4,600 after a minor dip, while most altcoins stayed under pressure. Losses were concentrated in sector-specific tokens, with GameFi (-3.03%), DeFi (-2.21%), and meme coins (-2.85%) leading the declines.

Beyond price action, several macro and regulatory developments are expected to shape the next leg of crypto moves:

• FOMC Meeting (Sep 16–17): Markets currently price in an 88% chance of a 25 bps rate cut, which could support Bitcoin and other risk assets.
• ETF Deadlines (October): SEC rulings on pending ETF applications may validate altcoins as commodities, potentially triggering inflows similar to the Bitcoin ETF boom.
• Stablecoin & Regulatory Shifts: Circle’s trust bank application in the U.S. and Spain’s early rollout of the MiCA framework are seen as pivotal in reshaping compliance and liquidity in digital assets.

Investors are also eyeing whether ETF catalysts and stablecoin policies will drive new capital flows into altcoins. Meanwhile, meme coins remain in focus amid speculation around a potential Dogecoin ETF, which some analysts say could redefine the narrative for the sector.

With the Fed meeting just days away, the crypto market remains at an inflection point, balancing between cautious consolidation and a potential breakout if monetary easing and ETF approvals align.

Disclaimer: This article is based strictly on the inputs provided and is for informational purposes only. It does not constitute financial advice or investment recommendations.