Cryptocurrencies Turn Higher as Market Awaits Fed -- Market Talk

Dow Jones04-29 21:58

0957 ET - Major cryptocurrencies trade higher after yesterday's pullback sent bitcoin below the $76k mark. It appears that the move is done, at least until the Federal Reserve puts out its statement on interest rates and the U.S. economy. Markets are practically certain that the Fed will not move interest rates, so investors are watching for how the Fed describes the economy in the midst of an ongoing war, says Bitfinex in a note. The firm adds that the implied volatility of bitcoin options are at their lowest level in three months -- with investors keen to see what a Kevin Warsh-led Fed does in the coming months. Bitcoin rises 1% to $77,210 this morning. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

April 29, 2026 09:58 ET (13:58 GMT)

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