Crypto market gains $150B as Bitcoin reclaims $94K ahead of Fed decision
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.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ALGO Falls by 3.33% Amidst Market Developments and Announced Restructuring Plans
- ALGO drops 3.33% in 24 hours, part of a broader 61.02% annual decline amid volatile market conditions. - Upcoming Swiss rate decisions, U.S. jobless claims, and bond auctions may intensify market uncertainty affecting crypto assets. - Argo Blockchain's approved restructuring plan, including new mining equipment, could indirectly impact ALGO supply/demand dynamics. - Market participants monitor macroeconomic indicators and blockchain sector developments to gauge ALGO's future trajectory.
LUNA Value Increases by 10.29% Over 24 Hours as Network Upgrade and Growing Inflows Drive Momentum
- LUNA surged 10.29% in 24 hours, driven by a network upgrade and rising on-chain inflows. - The terrad v3.6.1 upgrade aims to resolve legacy contract issues and enhance blockchain security ahead of December 18 implementation. - Derivatives open interest in LUNC futures rose to $25.55M, signaling renewed investor confidence linked to the upgrade. - Technical indicators show LUNA trading above 50-week EMA with RSI at 56, suggesting sustained upward momentum. - Analysts project continued gains if the upgrade
KITE Stock Performance After Listing: Understanding Investor Reactions and Institutional Ambiguity in Initial Tech IPO Phases
- KITE's stock plummeted 63% post-IPO despite strong retail occupancy and NOI growth, highlighting market uncertainty in early-stage tech. - Analyst ratings diverged (Buy at $30 vs. Neutral at $24), reflecting skepticism about KITE's ability to compete with AI-driven disruptors. - Institutional positions split sharply, with COHEN & STEERS boosting stakes while JPMorgan/Vanguard cut holdings, revealing sector risk fragmentation. - KITE trades at a 35.17 P/E (vs. 27.1x retail REIT average) but lags high-grow
BCH Drops 1.87% Over 24 Hours as Network Upgrades and Mining Changes Occur
- Bitcoin Cash (BCH) fell 1.87% in 24 hours to $560.60 but rose 29.32% annually amid network upgrades and mining shifts. - A block size limit proposal and hashrate reallocation from Bitcoin to BCH highlight efforts to boost scalability and security. - Developers announced a 2026 wallet interface upgrade to improve retail usability, aiming to expand BCH's real-world adoption. - Analysts note BCH's technical roadmap and low-cost transaction focus could differentiate it in emerging markets despite short-term
Trending news
MoreCrypto prices
More
