Crypto Market Today: $200M Derisk Ahead of FOMC, What's Next for Bitcoin, Ethereum and Solana Price?

Crypto markets derisked ahead of the April 29 FOMC, triggering over $200m in liquidations and lifting short-term volatility. Futures data showed roughly $218m wiped out (Coinglass reports $128m in futures liquidations with ~$103m longs and $115m shorts), while CoinGape cites $228m affecting about 75,000 traders. Bitcoin remains in a bullish rising channel with supportive CMF and RSI readings, keeping upside intact but needing a break above the channel’s upper line for confirmation. Ethereum outperformed intraday (≈+2%) and saw funding rates hit a three-week high, signalling increased long interest. Solana lagged, failing to clear $100 and facing a bearish symmetric-triangle call that could target ~$77 despite a $2.5bn RWA ecosystem. Markets are positioned for FOMC-driven volatility depending on Powell’s inflation remarks.