Tomorrow’s Federal Reserve FOMC meetings, coupled with ongoing missile attacks between Israel and Iran in the Middle East, have caused uncertainty in the crypto market, leading to a slight dip, and investors scared to bid. We will take a look at which crypto to buy in the short term.
After a brief overnight dip, the market is already showing signs of recovery with Bitcoin (BTC) up 1.4%, Ethereum (ETH) +4% and Solana (SOL) surging 7.5% since yesterday. Jerome Powell will be speaking at the Fed meetings tomorrow to decide what happens to interest rates.
FOMC Meetings This Week And Ongoing Tensions In The Middle East Causing Fear In The Markets
June 17-18 mark the Federal Reserve FOMC meetings, and right now, it looks as though interest rates are set to stay as they are. Polymarket, a prediction markets platform, has ‘no change’ at a 98.5% chance, with less than 2% wagering that Powell initiates a 25 bps decrease.
Although a cut would signal a huge boost for risk assets such as crypto, staying flat isn’t necessarily a bad thing, considering Bitcoin has made two separate all-time highs in 2025, with the interest rates in the US as they are.
If interest rates do not change this week, it will likely allow the crypto market to maintain its bullish structure, with investors then looking ahead to September’s meetings for a possible rate cut. Polymarket has a ‘Fed rate cut in 2025’ market sitting at an 81% chance of happening right now.
Aside from the US economy, the other major factor spooking the market currently is the ongoing conflict between Iran and Israel, which is showing no signs of slowing down. President Trump has issued a warning to Iran that if America is attacked in any way, they will feel the ‘full force and might of the U.S. Military’.
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Worryingly, video coming out of Tel Aviv today (June 16), seems to show damage to the US embassy in Israel, reportedly caused by Iranian missiles. Trump and the US Government have yet to speak on these reports, with the world watching on to see the President’s response.
It should be noted that, in the face of such worrying global issues, Bitcoin and the wider crypto market are holding up especially well. BTC is just 4% away from its all-time high and refusing to break below $102,000.
Once the FOMC meetings are in the rear-view mirror and the dust begins to settle with the Middle East conflict, many expect a huge move from Bitcoin, which will likely see it make yet another high. With the dip in the market looking temporary, it begs the question, ‘Which crypto to buy in the short term?’
Is Solaxy (SOLX) The Best Crypto To Buy Right Now Before The Bull Market Kicks Into Fifth Gear?
Solaxy (SOLX) has solidified itself as the biggest crypto presale of 2025 so far after raising an incredible $52.8 million in ICO funding, just two days after surpassing the $50 million landmark.
The appetite for this project has been groundbreaking. With just two days remaining until the SOLX presale closes, it is still seeing 7-figure daily inflows as investors seek to secure a bag before it hits the open market.
SOLX is the token that will power the entire Solaxy ecosystem. Beginning as the first Layer-2 protocol on Solana, it has since expanded to become that and so much more. In the last few weeks alone, the Solaxy team has announced an in-house DEX, a token launchpad nicknamed ‘Igniter’, and a cross-chain bridge in collaboration with Hyperlane.
The bridge will allow users to send digital assets seamlessly between Ethereum, the Solana mainnet, and the Solaxy L2. SOLX is building a full end-to-end suite of tools, living on its L2. Users can bridge from Ethereum or Solana, launch a token via Igniter, and then graduate that token onto its DEX for super-fast and cheap trading.
Solaxy will achieve this without adding undue strain to the Solana mainnet. Solana has long struggled during peak trading activity, with regular slowdowns, failed transactions, and even full-blown network outages.
Using rollup technology, Solaxy subverts these well-known issues by batching transactions from the Solana mainnet and processing them ‘off-chain’ on the SOLX L2 infrastructure. These transactions are then sent back to Solana for final settlement, easing the burden on the network as a result.
The Solaxy team has also put their money where their mouth is when it comes to confidence in the project’s long-term success. On June 12, they burned 35,046,000,000 SOLX, worth over $62 million, marking one of the most aggressive supply reductions in the space.
Follow Solaxy on Telegram and X to stay up-to-date on all the latest project announcements. SOLX is becoming a prime candidate for the best crypto to buy right now.
Visit The Solaxy Presale Website Before It Closes In Just 2 Days
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