A bullish $100 long-term price target from Standard Chartered triggered a 22% surge in Uniswap's UNI token, catalysing a broader altcoin rally led by HYPE and Solana. Bitcoin remained range-bound near $66,000 as traders adopted a cautious stance ahead of the Federal Reserve's first policy meeting under newly appointed chair Kevin Warsh. Macro conditions offered a mixed backdrop: falling oil prices, down to a three-month low, eased inflation concerns but also signalled demand uncertainty. The divergence between a consolidating bitcoin and surging altcoins suggests capital rotation within the crypto market rather than fresh inflows from traditional assets. Analysts will be watching whether the Fed's tone under Warsh shifts rate-cut expectations, which could determine whether the altcoin momentum is sustained.
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