Bitcoin Slips Back to $26.4K in Weekend Trading as Investors Weigh Potential Interest Rate Decisions

Bitcoin is beginning the trading week in Asia down 0.5% to $26,366, while ether is down 0.2% to $1,724.
The trading week was fairly flat for the two largest digital assets, as during the past seven days, bitcoin was up 1.6% while ether was down 1.7%.
“With Fed having left interest rates unchanged, the environment appears supportive for crypto assets to start rallying again,” Joe DiPasquale, the CEO of crypto fund manager BitBull Capital, said in a note to CoinDesk. “However, the Fed went ahead to add that rate cuts were not on the horizon in the near-term, which saw the market struggling.”
Bitcoin and majors have held relatively well, says DiPasquale, arguing that this is a favorable accumulation opportunity for the mid to long-term.
“For now, however, all eyes are going to be on Bitcoin, especially as its dominance has been on the rise due to selling pressure in altcoins,” he said. “As long as the market leader maintains the range between $20k - $22k, bulls shouldn’t be overly concerned.”