Bitcoin consolidates around $90,000 as cautious investors await a Fed meeting

Bitcoin has consolidated around the $90,000 level as cautious investors await the upcoming Fed meeting as a potential catalyst for the next move. The cryptocurrency was trading at the $89,705 level.In the past 24 hours, Bitcoin and Ethereum are down 0.19% and 0.62% respectively. Among the major altcoins, Solana, Tron, Dogecoin and Cardano fell almost 4.30% during the same period, while BNB, XRP and Hyperliquid rose 5.32%.

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According to CoinMarketCap, the global crypto market capitalization fell 0.27% to $3.02 trillion.

Piyush Walke, Derivatives Research Analyst at Delta Exchange said Bitcoin is trading around $90,000, maintaining its choppy price action and struggling to break decisively out of its tight weeklong range between around $88,000 and $91,000.

From a technical perspective, Bitcoin faces major resistance around $91,500, while Ethereum could encounter a key supply zone between $3,050 and $3,100, Walke added.

Over the past week, Ethereum and Bitcoin fell 10.05% and 5.88% respectively. During the same period, the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano and Hyperliquid fell up to 12%.

Nischal Shetty, founder of WazirX, said crypto markets have continued to reflect broader macroeconomic developments over the past 24 hours, reinforcing how closely digital assets are now integrated with global risk sentiment.

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Overall, the recent activity underlines the deeper integration of crypto into the global financial system. Short-term macro factors shape short-term fluctuations while market structure and participation remain stable, supporting continuity in underlying market dynamics, Shetty added.