Most important night for crypto market✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Today i am going to discuss about Bitcoin and altcoins, focusing on Bitcoin's current price and trends. Bitcoin is trading above 102,000 USD, and when comparing the 2017 and 2021 bull market peaks, it's below a key resistance level. The altcoin market cap is also down about 35% from the previous highs. Bitcoin saw a 236% rally from 2017 to 2021, while Ethereum hasn't performed well. Ethereum’s dominance has dropped from 22% in 2021 to 11%, and altcoins won’t perform well until Ethereum does.

There’s an important meeting tonight about the Federal Reserve’s decision on interest rates, which could impact the market. If the Fed cuts rates aggressively, it could signal a recession and create panic. The key catalyst for altcoin and Ethereum growth could be money printing by the Fed, but this hasn’t happened yet. Altcoins are struggling because new coins are entering the market without fresh liquidity, causing value to dilute. We need to watch the Fed’s decision closely as it could affect the market’s future. That's it for today. Thanks & have a good day!!