Bitcoin Trades Near $74,100 as Analyst Notes Sell-the-News Pattern Ahead of Fed Decision

Bitcoin is trading around $74,100 with a 0.4% daily gain as markets await Wednesday's Federal Reserve announcement, Senior PrimeXBT analyst Jonatan Randin said. Randin noted that a sell-the-news pattern has occurred after seven of the last eight Fed meetings and highlighted thin volume behind the recent move above $74,000. He pointed to Bitcoin's test of the $69,000 to $74,000 resistance band and identified $70,000 as a key level that bulls need to turn from resistance into support, with potential scenarios ranging from a relief rally toward $80,000 if Fed Chair Jerome Powell sounds flexible to a pullback toward $67,000 if the sell-the-news behavior repeats. Separately, Bitcoin Hyper — a Bitcoin Layer 2 integrating the Solana Virtual Machine — has raised $32,006,366.75 in its presale at $0.0136772 per token and uses a Decentralized Canonical Bridge for BTC transfers, according to the project description.