Bitcoin’s surge past $94,000 adds $150 billion to the crypto market as traders position ahead of an anticipated Federal Reserve rate cut.
Bitcoin advanced to $94,000, contributing to a $150 billion increase in total crypto market capitalization as traders anticipate a 25 basis point Federal Reserve rate cut this Wednesday. The move builds on momentum from last week’s recovery from $80,000, reflecting optimism over supportive monetary policy. Broader digital assets also saw gains, underscoring the impact of central bank decisions on crypto market sentiment.