Bitcoin reclaims $94K ahead of tomorrow’s Fed meeting
Crypto Briefing
Bitcoin surpassed $94,000 as traders anticipate a 25 basis point interest rate cut from the Federal Reserve.Summary
Bitcoin surged past $94,000 on Tuesday, driven by market positioning ahead of the Federal Reserve meeting where a 25 basis point interest rate cut is widely expected, with probabilities priced near 90% to 95% by tools like CME FedWatch and Polymarket. This rally lifted the broader crypto market, with Ether gaining about 7% to exceed $3,350, and other major tokens also posting gains. While the immediate rate cut is largely priced in, market focus is now shifting to forward guidance from Fed Chair Jerome Powell for signals regarding continued easing policies beyond 2025.
(Source：Crypto Briefing)