TL;DR:
- Bitcoin slipped under $75,000 after the Fed held rates steady, then recovered roughly $1,000 but remained down more than 1% overall.
- Earlier gains faded after BTC failed near $79,500, with repeated pressure around $76,500 and below $76,000 before the FOMC decision.
- Altcoins weakened broadly, led by WLFI and PI, while RAIN rose and total crypto market capitalization dropped more than $60 billion to $2.620 trillion.
Bitcoin’s first reaction to the Federal Reserve’s latest decision was oddly uneasy. The central bank left interest rates unchanged, exactly as markets had widely expected, yet BTC still slid to a multi-day low just under $75,000 before clawing back roughly $1,000. That hesitation is the story. The expected Fed pause still shook Bitcoin, suggesting traders were less worried about the decision itself than about exhausted momentum after a volatile week that had already rejected a move toward $79,500 and repeatedly tested short-term support levels in fast order across exchanges during April trading.
Bitcoin Sells the News After Fed Decision
The week had started with a burst of optimism. Bitcoin moved from sideways weekend trading near $77,500 to $79,500 on Monday morning, only for sellers to cut the advance almost immediately. The pressure then pushed BTC back toward $76,500, below $76,000 on Tuesday, and nearly $78,000 before the third FOMC meeting concluded Wednesday. Once the no-change rate decision became official, the market sold the news anyway, dragging BTC under $75,000 before its partial recovery left it still down by more than 1% overall on the day afterward, despite rebounding.
The broader crypto tape looked just as fragile too. Ethereum slipped roughly 3% to $2,250, while HYPE lost the $40 support level after falling 2.5%. Several large-cap tokens, including BNB, XRP, SOL, ADA, BCH and LINK, posted milder losses between 1% and 2%. That pattern made the session feel less like a single Bitcoin wobble and more like a market-wide risk reset, with investors trimming exposure across major assets as BTC’s dominance stayed at 58% and its market capitalization eased to $1.520 trillion during the same corrective stretch in subdued trading conditions across crypto.
The deepest damage, however, came from selected altcoins. WLFI led losses among top 100 tokens, dropping more than 16% to $0.06 after recent scrutiny around a suspicious partnership, while Pi Network’s PI fell 11% to $0.175 after failing at the $0.20 resistance zone. RAIN was the exception, rising 6% to nearly $0.008. Even so, altcoin weakness widened the post-FOMC bruise, as total crypto market capitalization fell by more than $60 billion from the previous day’s high to $2.620 trillion, leaving the rebound looking tactical rather than fully convincing for bulls watching sentiment across spot markets.
