BTC, ETH, ADA, XRP Price News: Bitcoin Edges Higher on Fed Rate Cut Expectations
Summary
Asian equities opened slightly higher ahead of major central bank decisions, including the Federal Reserve meeting where a 25-basis-point rate cut is largely expected. Bitcoin traded just above $91,300, rising 2% in 24 hours and extending its weekly gain to over 6%, though facing resistance near $94,000. Ether gained 3% to near $3,135, while XRP also saw an uptick. Despite the rebound, underlying sentiment remains cautious, with CryptoQuant's Bull Score dropping to zero, suggesting potential bearish phases ahead, with models flagging $55,000–$70,000 as possible territory next year without new liquidity. Medium-term catalysts, such as expected 401(k) rule changes by early 2026, could counter this trend. Broader macro conditions, particularly the Fed's easing decision, remain the key driver for risk appetite.
(Source:CoinDesk)