The Night Before the Fed Decision: Bitcoin Breaks 90,000, but Panic Sentiment Remains

[Crypto World] The market saw a sudden mini spring over the weekend. Bitcoin surged directly to $90,990, up 1.68%, with trading volume jumping nearly 30%. Ethereum also followed, rising to $3,088, a 1.34% increase. The total crypto market cap is now $3.07 trillion, up 0.74%.

This wave of activity is likely related to the upcoming Federal Reserve interest rate decision next week, with the market reacting in advance to expectations. Interestingly, though, the Fear & Greed Index has dropped back to “Extreme Fear,” showing that retail investors are clearly still shaken.

Trader Michael van de Poppe said this is a good sign, but also gave a reminder—there’s a gap on CME futures at $89,400, which might get filled on a pullback. Short-term traders should keep an eye on this level and avoid chasing the rally too aggressively.