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Bitcoin Pulls Back With Markets Nervous Ahead of Fed Meeting Results
The Nasdaq and S&P 500 were both lower by more than 1% about an hour before the close.
Updated Mar 18, 2025, 6:58 p.m. Published Mar 18, 2025, 6:57 p.m.
What to know:
- Crypto traded lower alongside U.S. stocks on Tuesday.
- The Fed began its policy meeting today, with results due tomorrow afternoon U.S. hours.
- No one is expecting the Fed to cut rates tomorrow, but investors will be on the lookout the central bank is turning a bit more dovish given the recent economic and market uncertainties.
After a couple of sessions of good vibes, risk markets headed back into retreat on Tuesday, one day ahead of the results of this week's U.S. Federal Reserve policy meeting.
Bitcoin was trading at $81,300 at press time, lower by 3.5% over the past 24 hours. Solana , ether and XRP were posting modestly higher losses.
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A bit more than an hour before the close of trade, the Nasdaq was down 1.7% and S&P 500 1.1%.
The Federal Open Market Committee began its two-day policy meeting today, with results and Chairman Jerome Powell's post-meeting press conference set for Wednesday afternoon U.S. hours.
While no one is expecting a change in interest rates, traders will be looking for signs that the Fed is perhaps turning a hair more dovish given recent market turbulence and a slowdown in inflation.
The market action on Tuesday, however, suggests nervousness the Fed may not yet be ready to ease policy further. After all, the downturn in inflation seen in February wasn't that large and it was just one report. And the dip in markets — though painful for many — has also been pretty modest given the impressive run higher in recent years.
According to CME FedWatch, rate traders today see no chance the Fed cuts rates tomorrow and only a 20% chance the central bank eases at its next meeting in May. For June, though, there's a 66% chance that the Fed will cut rates.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.
What to know:
- Bitcoin remains stable above $91,000 as the Federal Reserve cuts rates by 25 basis points.
- Market attention shifts to Japan, where a rate hike is expected at the upcoming Bank of Japan meeting.
- Gold prices rise following the Fed's rate cut, while silver hits a record due to strong demand and tight supply.
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