CoinEx Daily: Market Awaits Fed Announcement

Daily View

Bitcoin remains steady around $83,000 as the S&P 500 closes down 1%. We believe the BNB ecosystem will continue to attract market attention and liquidity in the near term, while Solana's meme supercycle takes a breather. Traders are closely watching Wednesday afternoon’s interest rate decision and Fed Chair Jerome Powell’s press conference. According to CME’s FedWatch Tool, Fed funds futures indicate a 99% probability that the central bank will keep rates unchanged.