Daily Market Update: BTC Steady at $77K as Fed Rate Decision and Big Tech Earnings Approach

TLDR

• Bitcoin is trading just below $77,000, up only 0.1% in 24 hours, holding steady despite rising oil prices and geopolitical tensions
• Major altcoins including Ether, XRP, Solana and BNB are all down on the week; Dogecoin is the only top-10 token in the green, up 5.5%
• US stock futures edged higher Tuesday evening ahead of earnings from Alphabet, Amazon, Meta and Microsoft
• Starbucks jumped 5% after-hours after raising its full-year forecast; Robinhood fell 8% on weak results
• The Fed announces its rate decision Wednesday in what could be Jerome Powell’s final meeting as Chair

Bitcoin is trading just under $77,000 on Wednesday during Asian hours, holding a tight range even as global markets face pressure from multiple directions.

The price is up just 0.1% over 24 hours and down 0.8% on the week. Despite surging oil prices and rising geopolitical tensions, bitcoin has barely moved.

Brent crude pushed above $111 a barrel after the Wall Street Journal reported that President Donald Trump told aides to prepare for an extended US naval blockade of the Strait of Hormuz. Trump claimed on Truth Social that Iran is in a “State of Collapse.” Tehran has signaled it may accept an interim deal if Washington lifts its blockade of Iranian ports.

Oil prices remain elevated, putting fresh pressure on inflation expectations heading into this week’s central bank decisions.

Altcoins Struggle While Dogecoin Stands Out

While bitcoin stays flat, most of the crypto market is losing ground. Ether is down 2.6% on the week to $2,310. XRP has dropped 3.8% to $1.39. Solana fell 3.2% to $84.57, and BNB shed 2.3% to $625.

Dogecoin is the exception, up 5.5% on the week to $0.1016. It is the only top-10 token outside of stablecoins to post gains over the past seven days.

Bitcoin’s market dominance is slowly rising as a result. This tends to happen when macro stress arrives and capital shifts toward the largest asset.

Zaheer Ebtikar, founder of Split Research, said the market structure has changed. He noted that the supply overhang has dried up and sellers spooked by macro shifts or quantum fears have already exited, leaving fewer sellers than months ago.

Ebtikar added that bitcoin is far less sensitive to regulatory noise or central bank policy than many assume, and that its reaction is more tied to overall volatility levels.

Analysts at Bitget flagged $75,000 as key downside support. A drop below that level could open room for further losses. A move back toward $80,000 would keep the current rally structure in place.

Stock Futures Rise Ahead of Mag 7 Earnings

US stock futures climbed Tuesday evening. Futures tied to the S&P 500 edged up 0.2%, Nasdaq 100 futures gained 0.5%, and Dow futures rose 0.2%.

During Tuesday’s session, major indexes pulled back. The S&P 500 fell 0.5% and the Nasdaq Composite slid 0.9%.

Technology stocks led the decline after a Wall Street Journal report said OpenAI missed internal targets for revenue and user growth. Oracle fell 4%, Broadcom dropped 4%, and Nvidia fell more than 1%.

Starbucks rose 5% in after-hours trading after raising its full-year forecast. Robinhood dropped 8% on weaker-than-expected quarterly results.

Investors are now watching earnings from Alphabet, Amazon, Meta and Microsoft, all due after Wednesday’s close. Markets want to see whether heavy AI spending is translating into real revenue growth.

The Fed’s April rate decision is also due Wednesday. No rate change is expected. This could be Powell’s last meeting as Chair before his term ends in May.

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