BTC, ETH, SOL, ADA Price News: Bitcoin Pull Back as Fed Expected to Cut Rates 25 bps

Bitcoin briefly surpassed $94,000 before retreating toward $92,500 as markets awaited clarity from the Federal Reserve's policy decision, where a 25 basis point rate cut was anticipated. Altcoins experienced mixed results; Ether rose significantly, Cardano jumped over 8.5%, and Solana gained over 5%, though all tokens saw a 1-2% pullback in Asian trading as traders took profits. Analysts noted that Bitcoin's volatility spike might signal a bottoming pattern, but others, like Bitget CEO Gracy Chen, suggested the market lacks anchors within the $86,000–$94,000 range, indicating vulnerability. The next major move hinges on whether Bitcoin can reclaim the $94,000–$96,000 band post-Fed remarks, or if macro caution pushes it lower.

(Source：CoinDesk)