Crypto Market Sees Gains Ahead of FOMC Meeting Amid Interest Rate Expectations

The crypto market is witnessing a surge ahead of the highly anticipated FOMC meeting, with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) prices experiencing significant fluctuations.

According to data from Coinglass, the futures market has seen $128M in liquidations, with $103M attributed to long liquidations and $115M to short liquidations. This suggests a decrease in risk of further liquidations in the crypto market today.

Bitcoin's price remains bullish, despite the FOMC meeting, thanks to its rising channel since February. The CMF and RSI indicators are also showing positive signs, indicating a strong buying interest. Analysts predict that BTC could reach $90,000 if it breaks above the upper line of the rising channel.

Ethereum is leading the gains in the crypto market today, with an intraday increase of over 2%. The funding rates on Coinglass have surged to their highest level in three weeks, indicating a bullish trend for ETH. This could be a sign of a long-term price prediction of $4,900, as seen in 2025.

Solana (SOL) is struggling despite the RWA ecosystem reaching an ATH of $2.5B in total value. Analyst Ali Charts predicts that SOL might drop to $77 due to a symmetrical triangle pattern, which could break below the line and trigger further declines.