TL;DR
- Bitcoin fell below $76,000 to a multi-day low near $75,600 before rebounding above $77,000 ahead of today’s FOMC decision later today.
- Monday’s failed return to $79,500 reinforced resistance there, while analysts still expect more volatility and possible correction after the Fed update for markets.
- Ethereum moved back above $2,300, Dogecoin rose more than 7%, PI hit a monthly high near $0.20, and total crypto capitalization topped $2.670 trillion on Tuesday.
Bitcoin slipped below $76,000 yesterday before rebounding above $77,000 as traders positioned ahead of today’s Federal Open Market Committee decision. The tension comes from the fact that the bounce has not restored confidence, only delayed the next test of nerves. After falling under $74,000 last Monday, BTC rallied hard to a multi-month high of $79,500 when the United States and Iran extended their ceasefire. Several choppy days followed, with Bitcoin boxed between $77,000 and $78,500. Even weekend war-related developments failed to shake that range decisively, leaving traders waiting for a larger catalyst to force direction.
That fragile calm broke again on Monday. What looked like another breakout attempt instead reinforced the idea that sellers are still defending the same upper boundary with discipline. Bulls pushed Bitcoin back to $79,500, only to see the move rejected instantly. The asset first dropped to around $77,500 and then dived toward $76,500. Bears extended the pressure yesterday despite Donald Trump’s claim that Iran was in a state of defeat, dragging BTC to a multi-day low near $75,600. The sequence turned an orderly recovery into another volatility event shaped by geopolitics and changing market sentiment.
Volatility Returns as Traders Watch the Fed and Altcoins Turn Green
The rebound from that latest low has been meaningful, but it still looks provisional. Bitcoin has recovered more than $1,000, yet the market remains cautious because today’s Fed decision hangs over every short-term position. As of the latest market snapshot, BTC had climbed back above $77,000. Even with that recovery, many analysts expect another correction after the FOMC outcome. For now, Bitcoin’s market capitalization stands close to $1.550 trillion, while its dominance over altcoins has slipped to about 58%. In other words, price has stabilized, but confidence has not yet caught up to this move.
Elsewhere, altcoins have mostly turned green. The broader market is recovering, but the leadership pattern shows that capital is still rotating selectively rather than returning with full conviction. Ethereum rose nearly 2% and traded above $2,300, while XRP, BNB, SOL, TRX, ADA, BCH, and XMR posted smaller gains. Dogecoin led with a surge of more than 7% above $0.105. Pi Network’s PI token stood out, jumping over 15% in the past week and touching a monthly high near $0.20. Total crypto market capitalization has risen $50 billion from yesterday’s low to above $2.670 trillion now.
