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Crypto market gains $150B as Bitcoin reclaims $94K ahead of Fed decision

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.

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.

Bitcoin (BTC) price

Full chart and stats

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Market cap
$1.6T
24h volume
$60.2B
Circulating supply
20.1M BTC

CoinGecko data as of Oct 31, 5:12 PM EDT.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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