Bitcoin is trading just below 82,745.64 USD. In the past day, it has decreased by 0.8%, reflecting a cautious market ahead of the Federal Reserve’s decision on interest rates.

Only 1% of traders anticipate a rate cut from the Federal Reserve. Market reactions are intertwined with calls for lower interest rates, indicating a wait-and-see approach as traders hold back.

Analysts suggest that any hints of future rate cuts from Jerome Powell could lead to a short-term crypto rally. However, volatility is expected during Powell’s announcement tomorrow.