Bitcoin rebounded after plunging below $80,000, nearly reaching $85,000 before being rejected again. The asset was trading at $81,340 on Friday amid macroeconomic pressure driven by inflation and oil prices rising above $100 per barrel. The market is awaiting the FOMC meeting, with consensus that the Federal Reserve will leave interest rates unchanged, while total crypto market capitalization stood at $2.84 trillion and Bitcoin dominance at 57.5%. Large holders accumulated nearly 89,000 BTC in one month, while Strive and Strategy purchased 1,223 BTC and 267 BTC, respectively. Ethereum also postponed the Glamsterdam upgrade on the Hoodi testnet to examine EIP-8037 interactions with existing smart contracts.
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