Bitcoin Holds at $118K Ahead of FOMC Meeting, Altcoins Slump

Bitcoin Holds at $118K Ahead of FOMC Meeting, Altcoins Slump
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Bitcoin’s price stabilizes near $118,000 as traders await the Federal Reserve’s interest rate decision. Meanwhile, altcoins face significant losses, with BONK leading the downturn. Market volatility is expected to rise post-FOMC announcement.

  • Bitcoin stabilizes at $118K as traders await FOMC's interest rate decision, though a change is unlikely.
  • Altcoins face broad declines, with BONK dropping 13% and SUI, HBAR, and AVAX down over 5%.
  • BTC's market cap nears $2.350 trillion, with dominance over altcoins rising to 59.6%.
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