{"id":2797,"date":"2026-05-01T22:37:06","date_gmt":"2026-05-01T22:37:06","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2797"},"modified":"2026-05-01T22:37:06","modified_gmt":"2026-05-01T22:37:06","slug":"bitcoin-stalls-near-80000-as-federal-reserve-and-ecb-keep-interest-rates-unchanged-in-eventful-week","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/01\/bitcoin-stalls-near-80000-as-federal-reserve-and-ecb-keep-interest-rates-unchanged-in-eventful-week\/","title":{"rendered":"Bitcoin Stalls Near 80,000 as Federal Reserve and ECB Keep Interest Rates Unchanged in Eventful Week"},"content":{"rendered":"\n
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It was a packed week for major economic developments in the United States and globally, including the third Federal Open Market Committee meeting of the year, the release of March PCE inflation figures, and earnings updates from several S and P 500 companies.<\/p>\n\n\n\n

Geopolitical tensions also drew attention over the weekend after planned peace discussions between the United States and Iran in Pakistan collapsed, with President Donald Trump canceling the delegation\u2019s visit. He later hosted a gathering for top holders of the TRUMP token and attended a White House event where an alleged security incident occurred, though no one was harmed.<\/p>\n\n\n\n

Despite these developments, Bitcoin remained relatively stable, trading within the 77,000 to 78,000 dollar range. Early Monday, the cryptocurrency surged to around 79,500 dollars but quickly faced strong resistance and reversed direction. It initially dropped to 77,500 dollars before sliding further to 76,500 dollars later in the day.<\/p>\n\n\n\n

Selling pressure continued, pushing Bitcoin below 76,000 dollars the following day. It attempted a recovery on Wednesday, climbing toward 78,000 dollars ahead of the Federal Reserve\u2019s announcement.<\/p>\n\n\n\n

As expected, the Federal Reserve left interest rates unchanged, which triggered another dip in Bitcoin\u2019s price to below 75,000 dollars. By Thursday, the asset recovered slightly to about 76,000 dollars, even after the European Central Bank also decided to maintain its current rates while signaling a possible increase in June.<\/p>\n\n\n\n

Even with the week\u2019s volatility, Bitcoin still closed April with its first double digit monthly gain in nearly a year. On May 1, it experienced a modest rise toward 78,000 dollars following reports that the United States and Iran might resume negotiations. Its market capitalization reached approximately 1.56 trillion dollars, while its dominance remained above 58 percent.<\/p>\n\n\n\n

Among larger cryptocurrencies, notable weekly gains were seen in BC, PENGU, and DOGE, with additional positive performances from HASH, MORPHO, JST, TAO, and PI.<\/p>\n\n\n\n

Market Overview<\/strong><\/p>\n\n\n\n

The total cryptocurrency market capitalization stood at 2.68 trillion dollars, with daily trading volume at 74 billion dollars. Bitcoin traded near 78,100 dollars, showing a slight decline of 0.8 percent. Ethereum hovered around 2,300 dollars, down 1.32 percent, while XRP was priced at 1.39 dollars, reflecting a 3.6 percent drop.<\/p>\n\n\n\n

Key Crypto Developments This Week<\/strong><\/p>\n\n\n\n

Strategy slowed its pace of Bitcoin accumulation after previous large scale purchases, acquiring 3,273 Bitcoin for 255 million dollars.<\/p>\n\n\n\n

A crypto analyst suggested that the departure of former SEC chair Gary Gensler weakened investor confidence in the market and warned that a potential exit by Federal Reserve Chair Jerome Powell could have a similar effect.<\/p>\n\n\n\n

Ripple announced a significant expansion move targeting clients in the Middle East and Africa, including the launch of a new headquarters in Dubai International Financial Center.<\/p>\n\n\n\n

A report indicated that a Trump associated entity partnered with a blockchain project allegedly connected to a fraud network, drawing increased scrutiny toward crypto ventures linked to political figures.<\/p>\n\n\n\n

Bitcoin spot trading volumes dropped to levels typically seen during bear markets, signaling reduced market participation. However, some analysts believe this decline could present future opportunities.<\/p>\n\n\n\n

Longtime Bitcoin critic Peter Schiff claimed validation for his bearish stance after the asset declined by 30 percent since his 2025 sell recommendation.<\/p>\n\n\n\n

Charts<\/strong><\/p>\n\n\n\n

This week\u2019s technical analysis highlights include Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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