ETHER (ETH) expanded almost 7% in the last 24 hours to lead the profits between the specialties, since merchants expect the results of the Federal Committee of the Open Market (FOMC) on Wednesday.
ETH’s profits were combined with a 4% gain in Memecoin Dogecoin (Doge), which historically tends to act correlated with the asset movements. Other Memecoins Pepe (Pepe) and MOG (MOG) based in Ethereum increased more than 5%, continuing acting as leverage bets.
In other places, Majors XRP, BNB of the BNB chain, Solana’s Sol and Cardano’s Ada increased by 3%. Tron’s TRX submerged after an earlier increase in the day when Memecoin’s trade picked up in the block chain after an update of notes on the SUNPUMP platform.
Bitcoin (BTC) increased by 2% and remained stable below $ 84,000 in the Asian night before FOMC, where merchants expect rates to remain stable. The $ 80,000 brand remains the one observed, some say, since a break would then mean that a critical support disappears.
The widely seen ethc/BTC ratio, or the commercial ether pair against Bitcoin, increased from 0.23 to 0.24 from the Asian morning hours, indicative of an increase in the most risky ETH demand versus the perceived security of Bitcoin.
Ether got up in an immediate catalyst, but the Nodriza ship has technical catalysts in creation. The sicking update, the next main update of Ethereum, is currently in tests and aims to improve the scalability, participation and experience of the user with more than 20 EIP, including EIP-7702 (intelligent account functionality) and EIP-7251 (raise the limits of validator tractors to 2,048 ETH).
The tests began in Holesky in February 2025, followed by Sepolia in March, but faced challenges such as transaction processing problems due to customer incompatibilities. A New Testnet, Hooli, launched on March 17, with the sicking tests scheduled for March 26. If you succeed, Mainnet implementation is expected at the end of April or early May 2025.
“BTC has found some support in the $ 80k, but that seems dim in the best case in the midst of a broader macro weakness,” said Cap -based QCP merchants based in Singapore in a transmission message. “We will not try to call the exact moment when the music stops, but in the short term, we fight to identify significant tail winds to reverse this defeat.”
“We will be closely observing any change of modification, particularly in the expectations of growth and inflation.
Meanwhile, gold broke above $ 3,000 to new maximums on early Wednesday, which led to look at a reverse correlation of yellow metal with Bitcoin.
“Despite its historical correlation with gold as a macro coverage, the current divergence of Bitcoin, which falls while gold increases, suggests that it is acting more as a risk asset, influenced by the uncertainty of the Fed policy, the gain taking and a change to the traditional insurance has,” said Ryan Lee, chief of the investigation analyst of Bitget, Telegram.
“The FOMC result could trigger a recovery if it folds or deepens the correction if it is to find, with the short -term trajectory of Bitcoin linked to broader economic signals instead of reinforcing only its role as” digital gold “,” Lee added.
