Bitcoin Surges Past $90K Ahead of FOMC: Traders Bet on Fed Pause
Hold onto your sats—Bitcoin just powered back above $90,000 right before the Federal Reserve's big FOMC decision today. In a market on edge, BTC briefly reclaimed that key psychological level amid weakening USD and gold smashing records. As traders pile in, eyes are glued to Jerome Powell's next words. Is this the spark for a new rally?
Bitcoin's move wasn't random. It rallied as the US dollar index dipped, handing risk assets like BTC a boost. Gold hit fresh highs above $5,300, signaling safe-haven flows but also liquidity spilling into crypto. Traders are positioning hard ahead of the FOMC. Expectations? A rate pause at 3.50-3.75%, no cuts just yet. That's music to risk-on ears—lower rates or steady policy juices up assets like Bitcoin. As @WatcherGuru broke: "Federal Reserve pauses interest rate cuts, remains at 3.50-3.75%". Layer on a potential Senate crypto vote for regulatory clarity, and you've got dual catalysts. Bitcoin Magazine noted the price jump above $90K as markets weighed the Fed and Senate moves. Short liquidations kicked in around $90K resistance, with bulls holding pressure despite pullbacks. History adds spice: Post-FOMC, BTC often swings wild—down after 7 of 8 meetings last year. But with inflation cooling and labor strong, a dovish hold could flip the script. X chatter from @SeismicCrypto highlights BTC topping $90K on macro tailwinds.
The surge rippled wide. BTC touched $90,500 before easing to ~$89K post-announcement. Alts like ETH topped $3K, XRP jumped, mirroring risk appetite. Crypto market cap swelled, with $200M+ in shorts wiped out. Broader markets? S&P eyed 7K highs, gold's rally underscoring rotation. But BTC's tie to tech/risk means Fed dots will dictate: Hawkish pause risks dips to $87K support; dovish vibes could eye $95K+. ETFs saw inflows resume, options skew bullish with $100K calls hot. Senate clarity? Game-changer for institutions.
Bitcoin's pre-FOMC flex above $90K screams momentum, even if brief. With Fed pausing as expected and macro aligning, 2026's bull case strengthens. Watch Powell's presser for clues—dovish tilt could unleash the next leg up. Stay positioned, HODL tight: BTC's just warming up for bigger battles ahead.