Crypto market gains $150B as Bitcoin reclaims $94K ahead of Fed decision
Crypto Briefing
The crypto market surged by $150 billion as Bitcoin reclaimed $94K, driven by expectations of a 25 basis point Fed rate cut.Summary
The cryptocurrency market experienced a significant rally on Tuesday, adding $150 billion to its total market capitalization as Bitcoin climbed over 2.5% to reclaim the $94,000 level. This upward momentum was mirrored across major altcoins, with Ethereum (ETH) jumping 6% to $3,320, Solana (SOL) reaching $140, and XRP hitting $2.10. Traders are actively pricing in the expectation of a 25 basis point interest rate cut by the Federal Reserve, which is anticipated ahead of the upcoming FOMC meeting.
(Source：Crypto Briefing)