Crypto Rally Accelerates as Fed Rate Cut Bets Fuel Bitcoin, Ethereum Gains
Digital assets surged across the board as traders priced in potential Federal Reserve easing. Bitcoin climbed 4.79% to $94,284 while ethereum outperformed with an 8.54% leap. The rally extended to XRP, Solana, and Dogecoin, lifting the broader market.
Market Optimism stems from growing expectations of a policy pivot this week. ETF inflows remain critical for sustaining momentum. Analysts caution that volatility persists despite the bullish momentum.
The crypto sector shows renewed vigor after weeks of turbulence. Buy volumes strengthened notably, particularly in Bitcoin and Ethereum, as institutional interest appears to be returning.