Bitcoin Holds at $83K as Fed Rate Decision Looms

Bitcoin remained steady at $83,006 on Wednesday as markets awaited the U.S. Federal Reserve’s interest rate decision. The cryptocurrency struggled for direction after slipping 1.5% in the previous session, briefly dropping below $82,000.

Investor sentiment remains cautious as the Fed’s two-day policy meeting concludes. While no rate changes are expected, the central bank is likely to maintain a hawkish stance amid persistent inflation and trade tensions fueled by Donald Trump’s tariff policies. Markets will closely watch the Fed’s commentary for signals on future economic policy.

Gold prices have surged to record highs due to safe-haven demand, contrasting Bitcoin’s muted performance. The crypto market, which once gained momentum on hopes of regulatory support under Trump’s administration, has lost steam amid tighter financial conditions and a stronger U.S. dollar.

With global economic uncertainty rising, any indication of a slowdown could push the Fed to adjust its policy, potentially influencing liquidity and investor sentiment in the cryptocurrency space.