The new week opens with little movement for the largest cryptocurrencies. Bitcoin trades around $111,000, up 0.5% from Sunday, while Ethereum remains almost unchanged at just under $4,300. Both remain in tight ranges after a quiet week.
Some altcoins are posting larger moves. XRP and Solana are each up about 2% in early trading, and Dogecoin gained 7% following renewed speculation over a potential ETF. Hyperliquid is also 7% higher, trading just under $50 and close to its recent all-time high.
Market Sentiment Flat
Despite the upward moves in a few tokens, overall market momentum remains muted. Total cryptocurrency market capitalization has not shifted significantly in recent sessions, suggesting that inflows and outflows are balanced.
Sentiment indicators also reflect the lack of clear direction. The widely followed Fear and Greed Index has been sitting at neutral for days, with a current reading of 51, while CoinMarketCap’s version is slightly lower at 42. Both measures show little change from the week before, indicating that traders are neither leaning strongly bullish nor bearish at the moment.
Read also: How to recognize a crypto presale scam? Full guide
Fed Decision Ahead
Looking ahead, investor attention is fixed on the upcoming US Federal Reserve meeting scheduled for September 17. Markets currently expect a rate cut, with most forecasts pointing toward a 0.25% reduction. However, uncertainty remains, as a 0.5% cut or even no change in policy are still considered possible outcomes.
Last week’s softer jobs data reinforced expectations of looser monetary conditions, but inflation figures due in the days ahead will play a key role in shaping the Fed’s final decision. Until then, crypto markets may continue to trade in tight ranges, waiting for a clearer signal.
Read also: How Interest Rates Impact Bitcoin: Exploring the Correlation
Broader Picture
While the pace of gains has slowed, major cryptocurrencies remain at high levels. Bitcoin continues to trade well above $100,000, Ethereum is holding over $4,000, and many leading altcoins are still significantly higher than they were a month ago.
