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Bitcoin stalls near $79K as Fed holds rates and US-Iran tensions weigh on market.

Market News
03 May 2026
Crypto news
View Source
Neutral
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Bitcoin failed to sustain its weekend surge near $79,000, retreating to around $78,400 after the Federal Reserve kept interest rates unchanged, maintaining market caution. Geopolitical tensions between the US and Iran, including ongoing peace talks and skeptical reactions, further limited Bitcoin's upward momentum. Meanwhile, XRP remained stable near $1.39, and Algorand led altcoin gains with a 9% rise. The broader crypto market stayed calm with Bitcoin dominance at 58.5%, as traders await clearer signals for a breakout or decline.

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