Bitcoin (BTC) and Ethereum (ETH) rose on Thursday, reversing initial losses after the Federal Reserve held interest rates steady and reiterated concerns about inflation. Bitcoin climbed 2.6% in early trading to trade above $105,

The altcoin industry, led by Ethereum, has been bleeding to Bitcoin in the recent past as whale investors fear a potential crypto selloff.

Bitcoin’s market dominance is fueled by strong ETF inflows, political backing, and Ethereum’s continued underperformance.

A notable development adding to market interest has been the involvement of Trump-affiliated World Liberty Financial (WLF). The decentralized finance project made headlines in December 2024 by purchasing 722 ETH, valued at approximately $2.5 million at current market prices.

The two tokens' relative performance is more a sign of bitcoin strength than ether's weakness, one observer said.

Ethereum maintains price levels above $3,100 as exchange reserves hit multi-year lows, creating a potential supply squeeze despite mixed technical signals and relative weakness against Bitcoin.

Leading cryptocurrencies lifted on Wednesday, defying the stock market's decline as the Federal Reserve snapped its interest rate-cutting streak. Cryptocurrency Gains +/- Price (Recorded at 8:15 p.m.

Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.

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That's not confirmed, but it's the fear of the market today and fear and uncertainty aren't things the market likes. Tech has fueled a lot of the market's gains over the past two years so it's no surprise it will fuel its fall as well.

Bitcoin (BTC) price hovers around $101,700 on Wednesday after declining for four consecutive days since Saturday. Ethereum (ETH) price follows BTC’s footsteps, closing below its key level, hinting at a correction ahead. Ripple (XRP) is sliding toward its ascending trendline support; a close below would lead to a decline.

Rates are expected to remain unchanged in the first interest rate meeting during President Trump's second term.