Important points
- Bitcoin rose more than 2.5% to regain $94,000, helping to add $150 billion to the cryptocurrency’s market cap.
- ETH rose 6% to $3,320, SOL hit $140, and XRP hit $2.10 as hopes of a Fed rate cut rise.
On Tuesday afternoon, the cryptocurrency market added $150 billion as Bitcoin rose to $94,000, up more than 2.5% on the day.
Bitcoin’s move led to a market-wide rally, with ETH rising 6% to $3,320, SOL reaching $140, and XRP reaching $2.10. This upward momentum was likely driven by market expectations for a 25 basis point rate cut, which is already priced in ahead of tomorrow’s FOMC meeting.
