Crypto market gains $150B as Bitcoin reclaims $94K ahead of Fed decision
Crypto rallies on Tuesday with ETH up 6% and XRP above $2 as traders price in a likely 25 basis point cut from the Federal Reserve.
Key Takeaways
- Bitcoin rose over 2.5% to reclaim $94K, helping add $150B to the total crypto market cap.
- ETH jumped 6% to $3,320, SOL reached $140, and XRP hit $2.10 amid growing bets on a Fed rate cut.
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The crypto market added $150 billion on Tuesday afternoon as Bitcoin rose to $94,000, climbing over 2.5% on the day.
Bitcoin’s move helped lift the broader market, with ETH up 6% to $3,320, SOL at $140, and XRP reaching $2.10. The upward momentum was likely driven by market expectations of a 25 basis point rate cut, which is already being priced in ahead of tomorrow’s FOMC meeting.
