Bitcoin struggled to sustain its weekend rally near $79,000 as traders reacted to the latest Fed decision, geopolitical tensions between the U.S. and Iran, and mixed performance across altcoins.
Summary
Bitcoin faced rejection near $79,000 as caution prevailed after the Fed kept rates unchanged.
Developments around U.S.–Iran talks influenced sentiment, limiting BTC’s upside despite holding support near $78,000.
XRP traded sideways, while Algorand outperformed with strong gains.
The broader crypto market remained stable, with XRP near $1.39 and Algorand leading daily advances.
Bitcoin hovers below resistance
Bitcoin was trading around $78,400 after hitting an intraday high close to $78,963. It stayed above its session low near $78,081, suggesting limited selling pressure despite failing to break higher.
The asset remains close to a crucial resistance zone. Overall market data showed the total crypto market cap at roughly $2.69 trillion, with Bitcoin dominance holding near 58.5%.
Fed decision keeps sentiment cautious
The price movement followed the latest meeting of the Federal Reserve. Policymakers chose to keep interest rates steady in the 3.5%–3.75% range, while remaining divided on future policy direction.
Bitcoin showed volatility around the announcement before settling back near $78,000. While the steady rates removed immediate pressure, uncertainty about future rate cuts kept traders from taking aggressive positions.
Geopolitical developments also played a role. Reports indicated Iran had submitted a revised peace proposal to the U.S., which Washington is reviewing. Optimism around negotiations briefly supported risk assets, but cautious remarks from Donald Trump limited bullish momentum.
XRP steady, Ethereum holds ground
XRP remained near $1.39 with relatively stable trading activity, as investors focused on key levels between $1.35 support and $1.45 resistance.
A breakout above $1.45 could push prices toward $1.82, while a drop below $1.35 may open downside toward $1.00 depending on broader trends.
Meanwhile, Ethereum held firm above $2,300, trading in a narrow range between roughly $2,298 and $2,334.
Algorand leads altcoin gains
Algorand stood out among major altcoins, rising around 9% on the day to trade near $0.117.
Most other large-cap cryptocurrencies moved within tight ranges, leaving Bitcoin to dictate overall market direction as traders wait for a decisive move above $79,000 or a breakdown below nearby support.
