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 statsLoading chart…
- Price
- $77,374
- 24h change
- +1.0%
- 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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