Bitcoin (BTC) is up 3% on Wednesday following the Federal Reserve’s (Fed) decision to leave interest rates unchanged at 4.25% – 4.50%, in line with expectations. Additionally, the Chicago Mercantile Exchange Group (CME) announced that it plans to launch options on its Bitcoin Friday futures on February 24.
Ethereum (ETH) is trading around $3,100 on Wednesday, with indications that investors might be positioning for a potential rally in February. From a technical perspective, ETH could rise by 35% if it achieves a high-volume move above the resistance level of a falling wedge pattern.
Solana price rebounded by a mild 3% on Wednesday, halting a 3-day losing streak, as markets reacted positively to the latest US Fed rate pause decision. Derivatives markets trends show aggressive leverage activity among bulls traders, signaling growing conviction on further SOL upside.
