- Bitcoin will be a food stall near 116K as Fed policy decisions are focused.
- Most altcoins trade sideways in low volume and uncertainty.
- Velora (VLR) and Project Merlin (MRLN) are configured to redefine Defi Ecosystems.
Bitcoin is once again testing the nerves of participants in the Crypto market as its price is close to $1,16,000, just as the global spotlight turns into a mid-September policy meeting for the US Federal Reserve.
Earlier on September 16th, Bitcoin traded for $1,15,200, with low volumes and trimmed a modest overnight profit in a cautious mood of risk.
The benchmark cryptocurrency market capitalization is $2.29 trillion, a robust $52 billion, just over the 24-hour format.
The shadow of the Fed’s future decisions will leave the broader market irresponsible, with cryptocurrency no exception. Investors are on high alert for possible rate adjustment clues after a series of resilient US inflation data.
Changes in policy or surprise rhetoric can create short, sharp movements across all risk assets, and Bitcoin is particularly sensitive given the recent struggle to clear the $1,16,000 threshold.
The bullish momentum is still elusive
Ethereum, the second-largest digital asset by market capitalization, changed hands at $4,522 following the lawsuit.
Ether has struggled to regain bullish momentum since its recent surge to $4,609, and is currently trading in a narrow band with lukewarm demand from larger owners.
Despite record highs in stubcoin activity in the chain last week, ETH appears to be linked to a macro story, quietly reflecting Bitcoin’s careful trajectory.
Meanwhile, the XRP has stabilized at $2.99 after pulling back from the recent local highs.
The recent Treasury from a well-known digital asset management company has stabilized emotions, but has not sparked breakout momentum as regulatory debates on tokens continue to unfold in key jurisdictions.
Solana has also been in the spotlight, with prices falling slightly to $233.67 following last week’s rally.
Known for its fast and low-cost transaction capabilities, the token has returned volatility as short-term traders capture the shaking towards the back of wide-ranging market uncertainty.
Technical analysts sit at nearly $220 with the next major support level, highlighting the need for a positive catalyst to maintain current ratings.
Always a wild card, Dogecoin is trading for $0.2677 after a 24-hour spell in which Meme Coin cheated on both $0.26-dollar support and $0.28-dollar resistance.
While Doge’s story is often dominated by social media and celebrity hype, the current environment leaves a careful “shivering” deal waiting for a clearer signal from both the Fed and the wider risk market.
As key resistance levels approach the key coin, the market’s eyes remain glued to the results of the Fed meeting.
Until then, expect Crypto prices to vibrate around the current band. Bitcoin is focusing on its crucial $1,16,000 break as a catalyst for new bullish convictions or yet another market test.
New fuel code topic
Several major crypto launches and ecosystem upgrades are about to shake up the market, and they promise to unleash new sparks of trading behavior.
On Tuesday, all eyes will make their scheduled debuts to Velora (VLR) and Project Merlin (MRLN).
Velora launch marks a push to the next generation of Defi with the intention-based cross-chain trading of $VLR tokens and powering $VLR tokens that unleash gas-free staking and community rewards.
Meanwhile, Project Merlin offers an all-in-one Web3 ecosystem that connects blockchain entrepreneurs, communities and investors, and an all-in-one Web3 ecosystem with a robust rashpad, crowdfunding and freelance ecosystem, all tied together by firing $MRLN tokens and large-scale replacement airdrops side by side.
These releases are more than just hype. They reflect how the industry is charging with technological innovation and changing towards tailored ecosystem first infrastructure.
But tokens don’t just attract investors’ attention. Regulation-wise, Hong Kong has been locked in fresh bank capital guidelines for digital assets, scheduled to come into effect in January 2026.
A big shift? Banks face a 1:1 capital provision for their exposure to “unauthorized” blockchains.
The move is expected to strengthen the confidence of institutional players looking for a safer entry into the crypto market.
In addition, Ripple has made headlines through its new partnership in Japan, drawing more RLUSD Stablecoin into the country’s payment rails, highlighting the rise in digital assets to mainstream financial integration.
