Bitcoin (BTC) Nears $100,000 as the Federal Reserve Holds Interest Rates Steady

Bitcoin trades near $99,500, just shy of the critical $100,000 mark, with crypto markets actively processing the Federal Reserve's decision to hold interest rates

The crypto market is processing the Federal Reserve’s decision to keep interest rates steady as Bitcoin trades slightly below the critical $100,000 mark. This confirmation from the FOMC, along with robust institutional interest and strong Bitcoin ETF inflows, bodes well for a major BTC breakout.

The Federal Reserve concluded its FOMC meeting on May 7, 2025, announcing that interest rates would remain unchanged. This widely anticipated decision serves as a key data point for Bitcoin’s push beyond $100,000 toward new all-time highs.

Moreover, macroeconomic factors like easing U.S.-China trade tensions, which improves global risk appetite, are also supporting Bitcoin’s strength.

Bitcoin price action is heating up as the cryptocurrency approaches the $100,000 mark. Recent data reveals that since mid-April, there have been massive capital movements with Bitcoin ETF inflows exceeding $5 billion.

This scale of inflows attests to the substantial interest from institutional investors in the primary cryptocurrency as it trades near the $100,000 level. These capital movements are a significant indicator of the market's direction.

If the current momentum continues, Bitcoin may breach $100,000 and experience a price expansion throughout the summer. As such, attention is sharply focused on the outcome of the FOMC meeting, which may serve as a key catalyst.

As Bitcoin is battling the $100,000 level, altcoins such as XRP, Solana (SOL), and Cardano (ADA) are also drawing attention from investors.

XRP price is stabilizing as analysts chart an advance to the $2.60 mark. The number of wallets holding over 10,000 XRP is increasing, and whales have reportedly accumulated over 900 million XRP. This trend suggests quiet confidence among large holders, likely in anticipation of a spot ETF approval.

Solana is also enjoying robust growth. April’s decentralized app revenue topped $162 million, with platforms like Pump.fun and Axiom Exchange leading the way. Institutional interest remains strong as major firms are acquiring significant volumes of SOL. Soul Strategies executed a $20 million tranche from a $500 million convertible note, potentially adding substantial buying pressure in the near term.

Cardano is not far behind. The upcoming launch of Bitcoin OS on Cardano has brought renewed attention to ADA. Meanwhile, the token's reputation for security, decentralization, and reliability has earned praise from its community. Investors are watching the $0.73 level for a breakout or a pullback to $0.61 for entry.

In other news, Bitwise has filed for a NEAR Protocol ETF as part of a broader expansion of exchange-traded products in the cryptocurrency domain. The filing with the Securities and Exchange Commission (SEC) marks the latest development in the growing institutional interest in crypto assets.

Moreover, 21Shares is preparing to launch a CRO ETF, further expanding the options available to investors. These new products come amidst increasing demand for diversified investment vehicles in the crypto market.

In a major development, Fraction AI has launched its mainnet on Ethereum’s Layer 2 Base. With over 320,000 users and millions of datasets, it’s redefining how AI interacts with blockchain. Users can deploy AI agents for tasks like code generation and financial analysis, earning “fractals” that influence the future token distribution.