Bitcoin Reclaims $83K Ahead of FOMC Meeting, HYPE Explodes by 11% (Market Watch)

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**Clickbait Title:** Bitcoin‘s Wild $83K Comeback Sparks FOMC Drama! Will HYPE Steal the Show? 🪙🔥

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Bitcoin Reclaims $83K Ahead of FOMC Meeting, HYPE Explodes by 11% (Market Watch)

You know how it is with Bitcoin: one moment it’s the golden child sitting smugly above $83,000, the next it’s dramatically pretending to faint at $81,000, clutching its virtual pearls. But much to everyone’s surprise (or not), it dusted itself off just in time for the second FOMC meeting like an actor who remembered it’s still getting paid for the matinee.

Meanwhile, out of the altcoin green-room, HYPE and PEPE took center stage with Ethereum moseying along, nodding politely at the $1,950 mark but skimming past $2,000 like a diet that almost worked. BNB, however, tripped on its own metaphorical shoelaces and dropped 4%, muttering about gravity or something.

BTC vs FOMC: Clash of Titans (Or Just a Mildly Awkward Coffee Break)

Bitcoin has seen more ups and downs than a yo-yo in an argument. After dropping below $77,000 last week — which shocked exactly no one — it clawed back up to $80,000 and has been clinging to this newfound respectability like a teenager clutching their first paycheck. Occasional bold attempts at conquering $85,000 were met with rejections so swift they’d make a rollercoaster blush.

Tuesday brought another delightful moment of despair with BTC dipping below $81,500, only to rebound like it overheard someone doubting it at the bar. Subtle fluctuations are expected today as the US central bank announces whether they’ll change anything or if they’ll just send out another memo titled “No, Seriously, This Meeting Could’ve Been an Email.”

Bitcoin’s market cap currently hovers above $1.650 trillion like a dragon joyfully counting an oddly specific pile of gold. Alas, its dominance slipped slightly to 58.5% over the altcoins, who are looking smug in green sweaters right now.

A graph of Bitcoin's recent price fluctuations

Meanwhile, in the Land of HYPE 🐸

Altcoins woke up feeling slightly sprightly. Ethereum added a modest 3%; Ripple, Solana, Tron all nodded in solidarity, and DOGE probably did something weird because, well, DOGE. ADA, LINK, and TON joined the green parade as well, while BNB sulked in a corner whispering about why it’s not appreciated. (Poor thing.)

But the true star of the day was HYPE, shooting up over 12%, as if fueled by espresso shots and TikTok trends. PEPE wasn’t far behind, hopping up 8% and proving once again that meme coins are the comedic relief for a market addicted to drama. Overall, the crypto market cap is up by $25 billion, like a group project where someone finally remembered to stop copying Wikipedia and do something useful.

Crypto market overview with HYPE's gain highlighted

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2025-03-19 13:35