Bitcoin remains trapped just below the key $75,000 resistance level, leaving the broader crypto market in a tentative hold.

The recent joint guidance from U.S. regulators — the Securities and Exchange Commission and the Commodity Futures Trading Commission — clarifying how securities laws apply to different crypto tokens failed to provide enough momentum to lift bitcoin (BTC $70,289.20) decisively above $75,000.

The non-binding guidance divides tokens into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. By outlining which tokens are considered securities, the guidance removes a major source of legal uncertainty and provides issuers and exchanges with a clearer framework for federal regulation.

Tagus Capital described the move as fostering “a more coherent and less burdensome regulatory environment,” reducing the risk of retroactive enforcement and making compliance more predictable. “This guidance supports institutional participation, exchange development, and product innovation, while improving market structure through lower compliance costs and better price discovery,” the firm noted. “Although not legally binding, it offers a strong template for future legislation and may accelerate global regulatory alignment.”

Despite this clarity, bitcoin struggled to build on its rebound from $65,000, briefly approaching $76,000 on Tuesday before pulling back. Other major tokens, including XRP, Ether, and Solana, also traded choppily, with the CoinDesk 20 Index down 0.3%.

Analysts continue to identify $75,000 as a key resistance zone. “On the upside, $75,400–$76,000 remains a critical hurdle,” said Vikram Subburaj, CEO of India-based crypto exchange Giottus. “Bitcoin needs to hold above this range to signal stronger momentum.”

Investor caution is also influenced by the upcoming Federal Reserve interest-rate decision on Wednesday. Rates are expected to stay at 3.50%–3.75%, but markets are focused on the Fed’s projections and commentary, particularly in light of the recent oil price surge linked to the Iran conflict.

The Fed’s policy decision, statement, and economic projections are set for 2 p.m. ET, followed by a press conference from Chair Jerome Powell at 2:30 p.m., which could influence both crypto and broader risk markets.