Today is D-day, and leading crypto traders will know whether it is the right time to add to their portfolio the best crypto to buy right now. Bitcoin and its hot pair, BTC USD, are at the top of their list, but there are other quality altcoins to explore. Some may not be in the top 20, but they are rising steadily up the crypto ranking.
Ahead of the FOMC announcement, where the Federal Reserve is largely expected to slash rates, BTC USD is firm and likely to close above a key resistance level at $118,000 by the end of the day. According to Coingecko, Bitcoin crypto is already up nearly +100% year-to-date, and steady over the past trading month. While BTC USDT prices slightly fell in the second half of last week, momentum has been building. In the last week of trading, the Bitcoin price is up roughly +4%.
(Source: Coingecko)
On Coinglass, top traders are bullish. The long/short ratio, which compares the number of long to short positions, is positive, at +2. However, looking at accounts, the long/short ratio is below +1, meaning most accounts on Binance are net bearish on the digital gold.
(Source: Coinglass)
Still, BTC USD and BTC USDT is rising, standing at $17.4Bn on Binance and over $8.3Bn on Bybit. It is also rapidly rising on Hyperliquid, standing at nearly $3Bn, up +18% in the past 24 hours.
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What to Expect From Jerome Powell and FOMC: Will BTC USD Rally?
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Bitcoin
1.10%
Bitcoin
BTC
Price
$63,327.77
1.10% /24h
Volume in 24h
$26.12B
Price 7d
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daily chart, the Bitcoin price is up approximately +9% from September lows. At the same time, resistance has been found at the $118,000 level. The local support is at $114,000. A close above $118,000 with rising volume may see BTC USD spike to as high as $125,000 in the coming days.
The pace of this expansion largely depends on whether the FOMC lowers rates today and by how much. If rates drop below +4%, crypto prices will explode. Conversely, if Jerome Powell doesn’t cave to political pressure and keeps rates at the current +4.25% to +4.50% range, BTC USD will tumble, heaping more pressure on even some of the best cryptos to buy.
Economists are confident that the Federal Reserve will cut rates, with the FedWatch tool indicating a +94% probability.
(Source: CME FedWatch)
The central bank will likely lower rates, though macro factors are weak. Retail sales rose for the third consecutive month, but jobless claims are rising, and NFP readings last month saw previous readings revised downwards. At the same time, inflation is ticking up due to tariffs.
It is likely that the Federal Reserve will stick to its ” data-dependent” stance and say inflation is transitory. If they maintain a dovish signal, especially hinting at more rate cuts by the end of the year, even the top Solana meme coins will fly.
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Is Bitcoin Hyper The Best Crypto to Buy Right Now?
Considering what’s at stake, smart traders positioning themselves for a leg up are also exploring some of the hottest crypto presales in September.
Bitcoin Hyper is emerging as a choice presale for savvy investors eager to maximize gains should BTC USD print fresh all-time highs by the end of the year.
The project is building a layer-2 on top of Bitcoin, leveraging Solana technology to make transactions on this platform fast and cheap.
By integrating the Solana virtual machine, Bitcoin Hyper will be interoperable with Solana. Users can also bridge BTC to the layer-2 through a canonical bridge that uses zero-knowledge proofs for security and privacy.
So far, the Bitcoin Hyper presale has raised $16.4M, and each HYPER token is trading for $0.012935.
In 48 hours, HYPER prices will increase, and those who buy HYPER now and stake will receive a decent yield of +70% APY.
Visit BITCOIN HYPER PRESALE Here
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BTC USD FOMC Meeting: Best Crypto to Buy Right Now?
- The Bitcoin price is firm, up nearly +10% in September
- Will BTC USD surge above $118,000 today?
- Jerome Powell and FOMC likely to lower rates
- Bitcoin Hype raises over $16.4M
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