According to SoSoValue, crypto markets surged as Fed rate cut odds hit 85%, with PayFi sector leading and Bitcoin and Ethereum recording notable gains.
Crypto markets advanced following data from SoSoValue showing U.S. Federal Reserve December rate cut odds reaching 85%. The PayFi sector led with a 9.03% gain, while Bitcoin rose 1.67% to surpass $87,000 and Ethereum climbed 5.60% to above $2,900. Broader crypto market gains ranged between 2% and 9%, reflecting strong investor response to monetary policy expectations.