Market Overview - The crypto market is currently lacking clear direction, with Bitcoin (BTC) trading in a range between $90,000 and $95,000, and the broader market showing declines of over 2% in the CoinDesk 20 (CD20) and CoinDesk 80 (CD80) indexes [1] - ZEC is the only major token that has gained more than 3% in the last 24 hours [1] Fed Interest Rate Meeting - Traders are postponing bullish bets until after the upcoming Federal Reserve interest-rate meeting, which is expected to introduce volatility [2] - The Fed meeting is set to conclude tomorrow, with a 25 basis-point rate cut already priced in, although there are concerns about hawkish forward guidance that may indicate slower easing in 2026 [4] - Market expectations suggest that while a rate cut is anticipated, another cut may not occur until June, depending on labor market conditions and inflation expectations [5] Market Sentiment and Metrics - Key metrics such as the cumulative volume delta (CVD) indicate a continued dominance of sellers in the spot market, with the CVD dropping from -$40 million to -$111 million, reflecting persistent sell flow [6] - Spot flows remain soft, indicating a lack of buying interest even as Bitcoin prices hold steady at $90,000 [6] Innovations and Developments - Ethereum founder Vitalik Buterin's proposal aims to enhance transaction predictability and establish a trustless on-chain gas futures market, attracting attention within the industry [6] - Crypto exchange KuCoin has introduced a Post-Quantum Cryptography (PQC) Gateway proof-of-concept, which is an experimental prototype designed to integrate quantum-resistant cryptographic algorithms [7] Traditional Market Context - In traditional markets, the 10-year U.S. Treasury yield has reached three-month highs, and the yen is trading weak despite expectations of a rate hike from the Bank of Japan [7]