Bitcoin Holds $77K as FIL and BTW Lead Crypto Gains
Bitcoin is trading near $78,000 after briefly falling below $77,000, as traders prepare for a potentially decisive week. The US Federal Reserve’s policy decision and a vote on the CLARITY Act could drive significant volatility.
Bitcoin repeatedly failed to break the $80,000 resistance last week. It fell to about $76,400 before recovering, lifting its market capitalisation to roughly $1.56 trillion. Bitcoin dominance also rose to 59%, indicating continued strength relative to altcoins.
Among major cryptocurrencies, Ethereum recovered above $2,500, while BNB remained above $720. XRP gained more than 3% and is testing the $1.40 resistance level. ZEC rose about 5% to $1,140, while Monero fell nearly 4% to $515.
Filecoin was one of the strongest large-cap altcoin performers, rising 25% to $1.00. BTW gained more than 32% to about $0.77. The total crypto market capitalisation increased 1% in 24 hours to approximately $2.65 trillion.
Traders are likely to focus on Federal Reserve guidance, US economic data and the CLARITY Act vote. These events could influence Bitcoin’s next attempt at $80,000 and determine whether capital rotates into altcoins.
Neutral
The expected market impact is neutral because the article contains both supportive and cautionary signals. Bitcoin has recovered from roughly $76,400 and remains near $78,000, but repeated failures at the $80,000 resistance suggest that sellers remain active. Rising Bitcoin dominance to 59% also indicates defensive positioning rather than a broad-based altcoin rally.
The upcoming Federal Reserve decision is the main short-term risk. A hawkish signal could strengthen the US dollar and pressure Bitcoin and risk assets, while a dovish message could support a break above $80,000. The CLARITY Act vote may improve the long-term regulatory outlook for crypto, but legislative uncertainty can also increase short-term volatility.
The 1% rise in total market capitalisation and strong gains in FIL, BTW and XRP show selective risk appetite. However, mixed performance across ETH, ZEC and XMR suggests that market participation is uneven. Similar periods around inflation data and Federal Reserve meetings have often produced sharp two-way moves before a clearer trend emerges.
In the short term, traders may reduce leverage and monitor $76,000-$77,000 as support and $80,000 as resistance. A sustained break above $80,000 could improve sentiment and encourage altcoin rotation. Failure to hold support could trigger another pullback. Long term, clearer crypto legislation could support institutional participation, but monetary policy and liquidity are likely to remain the dominant market drivers.