Bitcoin Slips Ahead of Fed Meeting as Market Awaits Warsh's Clues

The Federal Reserve's decision to keep interest rates unchanged has caused Bitcoin and other cryptocurrencies to decline ahead of its meeting. Investors are eagerly awaiting guidance from new Fed Chair Kevin Warsh, who is expected to provide clues about his approach to inflation, economic growth, and communication strategy.

Warsh had previously criticized the central bank's extensive use of forecasts and frequent public messaging, making his first post-meeting press conference particularly important for investors. Cryptocurrencies remain highly sensitive to interest-rate expectations because tighter monetary policy generally reduces liquidity available for risk assets.

Crypto futures volume fell 20% over 24 hours to $165 billion, while open interest declined 2.3% to $110 billion, according to CoinGlass data cited by CoinDesk. Liquidations also dropped 44% to approximately $310 million. Bitcoin's 30-day implied volatility index fell to around 39%, significantly below the nearly 59% level reached earlier this month.

Uniswap's UNI token extended its rally for a seventh consecutive day, making it one of the strongest-performing digital assets in the market. The move followed a bullish research note from Standard Chartered, which projected a long-term valuation of $100 by 2030 and highlighted the growing role of decentralized finance infrastructure.