Bitcoin trades near $77,000 range as investors await US Fed’s September rate decision

Bitcoin trades near the $77,000 mark as investors remain cautious ahead of the US Federal Reserve’s September policy decision. The cryptocurrency was trading at $76,985 mark.

In the past 24 hours, Bitcoin was down 1.44% and Ethereum was down 2.04% to trade at $2,477 mark. Among the major altcoins, BNB, Solana, Tron, Hyperliquid, Dogecoin, Cardano corrected upto 3% whereas XRP was up 0.51%.

Avinash Shekhar, Co-founder & CEO, Pi42 said the market is currently being driven more by macroeconomic cues than crypto-specific developments, with elevated bond yields and uncertainty around the interest-rate trajectory keeping risk appetite in check. At the same time, Bitcoin’s ability to hold above the $76,000–$77,000 zone indicates that underlying demand remains relatively resilient despite the broader uncertainty.


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He further said traders should, however, expect volatility to remain elevated around the Fed announcement, as any change in the rate outlook could determine Bitcoin’s next directional move.

The global crypto market capitalisation was down 0.9% to $2.63 trillion, according to Coinmarketcap. The overall market sentiment is greed, as the crypto fear index is currently at 69, said CoinDCX Research Team

Over the last week, Bitcoin was down 2.21 and Ethereum was down 0.56%. Among the major altcoins, BNB, Solana, Hyperliquid, Dogecoin, and Cardano corrected upto 8.59% whereas XRP, Tron were up 0.34% and 0.13%.

CoinSwitch Markets Desk said the broader market remains cautious as investors assess macroeconomic and geopolitical developments, while $80K–$82K continues to remain the key resistance area.

For now, BTC remains in a consolidation phase, with the next decisive move likely to determine the direction of the broader recovery, CoinSwitch Markets Desk further said.

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Market perspective

Prateek Gupta, Head of Business, Mudrex: Bitcoin is holding steady around $78,000 despite falling below its 50-week EMA as leverage continues to unwind. Spot Bitcoin ETFs have also recorded $463 million in weekly outflows. Despite these headwinds, BTC has remained resilient so far, as optimism around the CLARITY Act vote is providing additional support.

Vikram Subburaj, CEO, Giottus: BTC has recovered from the recent lows but remains below the $82,000-$82,800 September high. Large-holder accumulation has stalled, while the recent move has also been supported by derivatives positioning. This suggests that spot demand still needs to strengthen for the rally to become more durable.

Riya Sehgal, Research Analyst, Delta Exchange : Bitcoin volatility has recovered from roughly 36.5 to 38.8, indicating that markets are preparing for larger price swings as event risk builds.

Nischal Shetty, founder, WazirX: Bitcoin trades near $77,970 in a constructive daily structure, with RSI near 57, indicating positive but controlled momentum. Immediate support sits around $77,200-$77,800, while $78,000-$78,400 is the nearest resistance.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)