Bitcoin slipped to $82,671, down 7.03% from a week earlier, as US tech shares weakened and investors reassessed the Federal Reserve’s policy trajectory. Ethereum rose to $2,731, while risk-off sentiment persisted, and the Crypto Fear & Greed Index stood at 28 out of 100. The pullback extended across major assets, with several altcoins hitting notable losses as buying interest cooled.
Analysts attributed much of the move to broader risk-off dynamics ahead of the forthcoming FOMC decision and to a liquidity environment that has shifted since the earlier rally driven by easy money. Media reports highlighting Kevin Warsh as a potential future Fed chair fueled additional selling pressure, given perceptions of a relatively hawkish stance among the candidate pool. A Glassnode/Xangle researcher noted that Jerome Powell’s January remarks left policy direction undecided, signaling an end to the prior “continuous rate-cut” narrative and a cooling of liquidity-driven asset rallies.
Looking at the price action, Bitcoin and Ethereum have seen a consolidation amid mixed signals, while certain altcoins show brief relative strength tied to local rotation rather than a durable uptrend. In the near term, volatility is likely to remain elevated, and the medium-term direction will hinge more on actual capital inflows and real-world use cases than on policy pronouncements alone.
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