Crypto Markets Today: Bitcoin Surges Past $115K as Markets Eye Fed Rate Cut
Crypto markets rallied Monday, with Bitcoin hitting $115,200 and Ether reaching $4,160 ahead of the Federal Reserve's expected rate cut.Summary
Crypto markets experienced a significant bounce on Monday, driven by anticipation of a Federal Reserve interest rate cut scheduled for Wednesday. Bitcoin surged past $115,000, and Ether traded at $4,160. Market stress appears to be easing, as indicated by the 30-day implied volatility (BVIV) dropping to an annualized 44%. While older tokens like ZEC, BCH, and DASH posted double-digit gains, newer tokens such as plasma (XPL) and aster (ASTER) collapsed due to waning enthusiasm and sell pressure. Despite the price rally, total open interest in perpetual futures remains below previous highs, suggesting limited participation from leveraged traders. Bitcoin dominance continued to rise slightly to 59.1%, indicating a preference for BTC's relative stability over more speculative altcoin bets.
(Source：CoinDesk)