Federal Reserve Decision Looms Over Bitcoin Price Amid Uniswap Surge

The cryptocurrency market turned cautious on Wednesday as investors waited for fresh signals from the Federal Reserve. Bitcoin slipped lower after a recent rebound, falling around 1.4% to trade near $65,100.

Despite holding above key support levels, traders appear reluctant to push prices significantly higher until they receive more certainty from policymakers. The biggest focus for investors remains the Federal Reserve's policy meeting, where markets widely expect the central bank to leave interest rates unchanged.

However, traders are paying close attention to comments from Fed Chair Kevin Warsh, particularly regarding the future path of monetary policy. Recent inflation concerns linked to higher energy prices sparked speculation that interest rates could remain elevated for longer than expected.

In contrast, falling oil prices following progress toward a peace agreement between Washington and Tehran have eased some inflation fears. This has left investors waiting for clearer guidance from the central bank before making their next major move.