Bitcoin (BTC) slipped to $64,823.66 as investors await the Federal Open Market Committee (FOMC) interest‑rate decision, the first meeting chaired by Kevin Warsh.
Price Action and Market Overview
After hovering near $67,000 the previous day, Bitcoin retreated below the $65,000 threshold. The broader CoinDesk 20 Index (CD200) fell 1.2% since midnight UTC, with only four tokens managing to stay out of the decline.
Laser Digital highlighted in its weekly note that market participants have already priced in expected rate hikes through 2027, leaving the Fed funds rate unchanged as the primary focus.
Derivatives Activity and Volatility
Crypto futures trading volume contracted 20% over the past 24 hours, reaching $165 billion, while open interest dipped 2.3% to $110 billion. Liquidations shrank to roughly $310 million, a 44% reduction from the prior day.
Bitcoin’s 30‑day implied volatility index (BVIV) stayed subdued, indicating that traders remain cautious ahead of the Fed announcement.
Token Movers
Uniswap’s governance token UNI rallied another 20% in the last 24 hours, propelled by Standard Chartered’s bullish projection that UNI could trade at $100 by 2030. In contrast, NEAR, INJ and several stablecoin‑linked assets experienced declines of up to 8%.