Bitcoin Hits $64K as Market Shakes Off FOMC Anxiety

Bitcoin recently saw a sharp decline that pushed the price below $62,800 yesterday. This drop occurred as investors pulled back ahead of the highly anticipated FOMC meeting. However, the market showed strength this morning as buying pressure returned and pushed the price back above the $64,000 mark. The total market capitalization has gained $40 billion since yesterday's low.

While Bitcoin leads the recovery, other major assets are also moving upward. XRP is showing positive momentum as it approaches the $1.10 level again, while ADA and UNI posted solid gains of 4% and 5% respectively. Despite some lagging assets like NEAR, the broader market sentiment remains green as investors look for stability after a week of volatility.

The focus now shifts toward the FOMC meeting. Investors are carefully watching for signals from the central bank that could influence future price action. With Bitcoin dominance currently sitting at 57%, the market is clearly waiting to see how macro factors play out before picking a new direction for the week.