Bitcoin and altcoins stall ahead of Fed as CartelFi token sale surges

Investors have been concerned that President Trump’s trade policy could be inflationary; a sentiment that largely weighed on cryptocurrencies and other risk assets in April. While the market sentiment has since improved, economic uncertainties are still a key bearish factor. As such, investors are keen on May’s FOMC meeting which ends on Wednesday. While the interest rates are expected to remain unchanged, the focus will be on Jerome Powell’s remarks. A dovish Fed will further fuel cryptocurrencies’ recovery, possibly bolstering Bitcoin price to the crucial zone of $100,000. With the forecasted crypto recovery, retail investors are looking for fresh affordable tokens with huge growth potential. CartelFi , a new entrant on a mission to turn meme coins into cash cows, has particularly been attractive among crypto enthusiasts. Investors are set to earn big from the concept of yield farming, with early adopters already enjoying hefty gains in the ongoing presale. Bitcoin price stalls as investors await fresh cues from Powell’s remarks President Trump’s aggressive tariffs and the subsequent economic uncertainties have been weighing on risk assets like stocks and cryptocurrencies. While investors are still concerned that the US trade policy may result in a recession, the market sentiment has improved from April’s extreme fear. Notably, Bitcoin price has made an impressive recovery; rebounding by close to 30% since hitting its 5-month low in early April. Indeed, the crypto major is reaping double benefits from the current situation. In addition to the improved risk sentiment, institutional investors are shifting to Bitcoin as a store of value and safe haven in times of economic uncertainties. As seen on its daily price chart, the formation of the golden cross pattern indicates that the bulls are in control of the market despite the current consolidation. As such, I expect $92,745 to remain a steady support zone for the crypto major in the short to medium term. On the upside, Bitcoin price is hovering around $96,000 as the market awaits fresh cues from the FOMC statement later on Wednesday. Additional buyers will help break the current resistance at $97,797 with the next target being at the psychologically crucial zone of $100,000. Bitcoin price chart Crypto enthusiasts rush to CartelFi yield farming model As institutional demand for crypto majors like Bitcoin increases, retail investors with limited capital are eyeing fresh projects with robust growth potential. CartelFi has become one of the preferred meme cryptos, which explains why the project has managed to raise over $1.6 million in just one month. Indeed, the early adopters are already enjoying huge gains, with more to come before the meme crypto enters the public market in Q3. Having started at a token price of $0.0251, the CARTFI token price is now at $0.045. It increases by 5% after every 72-hour stage, which will equate to cumulative gains of up to 311% at the end of the 90-day presale. In addition to the presale gains, CartelFi is on a mission to transform meme coins into cash cows; a move that will see more retail investors realize their dream of becoming crypto millionaires. Under the current DeFi framework, meme cryptos lie idle in between rallies. CartelFi seeks to address this inefficiency by ensuring that users earn passive income from the assets without having to sell them. The 100% price exposure ensures that they do not miss out on a potential rally. Besides, 100% of the fees are used to buy back and burn CARTFI tokens to curb supply and maintain upside momentum. Indeed, CartelFi has already secured its position as one of the top meme ICOs of 2025. Hurry up and buy CartelFi here . Ethereum price extends consolidation mode as uncertainties persist Ethereum price chart Improved market sentiment is offering support to Ethereum price ; holding it steady above $1,750. However, it remains in its consolidation phase amid the persistent economic uncertainties. According to CoinMarketCap, the crypto major’s trading volume has surged by 48.21% in the past 24 hours. Typically, this points to increased investor interest. Even so, markets are waiting for fresh cues from the FOMC statement later on Wednesday. In the immediate term, $1,693 will likely remain a steady support zone as the bulls strive to break the resistance at $1,877. Hints at a dovish Fed may bolster Ethereum price to the next target at $1,960. The post Bitcoin and altcoins stall ahead of Fed as CartelFi token sale surges appeared first on Invezz

Source: Invezz