Bitcoin Holds Steady Around $114K Ahead of Key Fed Decision

Bitcoin remained stable near $114K on Monday as traders adopted a cautious stance ahead of this week’s Federal Open Market Committee (FOMC) meeting, where the U.S. Federal Reserve is expected to outline its latest monetary policy outlook.

After a volatile month marked by profit-taking and shifting risk sentiment, the leading cryptocurrency hovered within a narrow trading range, with analysts noting reduced liquidity and lower trading volumes.

Market participants are closely watching the Fed’s tone on inflation and interest rates, as any hint of policy tightening could pressure risk assets, including crypto.

«Bitcoin’s consolidation reflects investor uncertainty — the market is essentially waiting for the Fed to set the tone for November,» said one digital asset strategist.

Altcoins also traded mixed, with Ethereum steady near $3,200, while Solana and XRP saw modest declines. Overall, the crypto fear and greed index remained in «neutral» territory, suggesting traders are bracing for potential volatility later in the week.

Kursiv Uzbekistan also reports that the Central Bank of Uzbekistan (CBU) has released updated forecasts pointing to continued economic expansion facilitated by a tightening of monetary policy and declining inflationary pressure.