Bitcoin is holding steady above $115,000 as the market awaits the Federal Open Market Committee (FOMC) meeting, with analysts predicting that a dovish outcome could support further gains. A more cautious or hawkish stance, however, might exert downward pressure on prices.
In other developments, Base, a platform developed by Coinbase, has announced plans to deploy a Solana bridge to enhance interoperability. The platform is also considering the introduction of a network token to aid developers. Meanwhile, the Bank of England's proposed stablecoin ownership caps have drawn criticism from the industry, raising concerns about their potential impact on adoption. The crypto market remains attentive to the FOMC's decisions, which could significantly influence short-term price movements.
Bitcoin Steadies Above $115K Amid FOMC Anticipation; Base to Launch Solana Bridge
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.