Bitcoin Holds Steady at $76K as Powell Prepares for Final Fed Meeting

Crypto markets are treading water right now. Traders are juggling a few competing risks all hitting within the same 48-hour window: a closed Strait of Hormuz, some hawkish dissent brewing at the Bank of Japan, and Jerome Powell's final Fed meeting as chair. Bitcoin sits at $76,360, down 0.7% over the past day. It has tried and failed twice this week to push back above $80,000, according to CoinGecko data. That resistance level is proving stubborn. Ether edged up 0.3% to $2,299. Still, the second-largest cryptocurrency is slightly in the red when you look at the full seven-day chart. I am watching whether Bitcoin can hold this $76K support through the Fed announcement. A break below could open the path to lower levels fairly quickly.