As the cryptocurrency market approaches a crucial period, Bitcoin 
$76,576‘s price is edging towards the $116,000 target while Ethereum (ETH) 
$2,453 has once again surpassed $4,600. Dogecoin 
$0.081819 (DOGE) emerged as one of the day’s stars. With little time left for the U.S. markets to close, the upcoming Wednesday will mark the Federal Reserve’s announcement of the year’s first interest rate cut decision. More crucially, the dot plot chart, containing 1-3 year interest rate projections, will be published. There’s much to be aware of in this evolving scenario.
Dogecoin’s Promising Performance
Heading into the weekend, Dogecoin is showcasing commendable performance. If the ETF flow shows strong results around six hours from now, we might witness a favorable weekend. As Wednesday approaches, the Federal Reserve is anticipated to announce its inaugural interest rate cut for the year. In addition, the publication of the dot plot will provide insights into members’ views on the pace of interest rate reductions.
Markets are almost certain there will be a cumulative 75 basis points cut this year. Moreover, worse-than-expected employment reports, an inflation increase at a tolerable pace, and a current understanding that tariff concerns are largely unfounded have amplified the appetite for investment.
In summary, as we head towards the interest rate cut decision, expectations that members will exhibit a dovish stance could lead to further rises in cryptocurrencies. This potentially means seeing DOGE and others reaching greater peaks.
Ethereum’s Bullish Momentum
ETHBTC pair has embarked on the much-anticipated turnaround. The importance of the 0.039-36 level has been highlighted, and the bulls have managed to maintain it. A promising daily candle is forming once again above 0.039BTC, which might provide a strong foundation for the rise continuing to 0.044BTC. Hence, weekend buyer volume is crucial. If the ETF flow exceeds $500-700 million, it could significantly boost morale.
Against the USD, the $4,500 mark has been identified as an essential resistance, with discussions on the impending breakout. 
Ether has successfully surpassed this, now transitioning to the $4,700-4,900 range. This will serve as the point to gather strength before achieving an all-time high. With the continuation of the rise in the ETHBTC pair, the altcoin king may begin its price discovery phase, sparking the long-awaited final quarter performance in altcoins. 
