Bitcoin Stabilizes Near $112K as Traders Favor Stablecoins Ahead of Fed Decision
Bitcoin held steady around the $112,100 mark during early Asian trading hours, showing a slight decline of 0.5% within the hour and a 1.8% dip over the past 24 hours. Despite this short-term pullback, Bitcoin remains up approximately 3.4% for the week, signaling consolidation as market participants await an upcoming Federal Reserve interest rate decision later this week. Market makers in the region interpret the current price action as a phase of cautious positioning rather than a sharp sell-off. A Singapore-based market maker, Enflux, highlighted that the pattern suggests traders are consolidating holdings rather than aggressively chasing price movements. Concurrently,












