Bitcoin surged past $94,000 as traders positioned for a likely Fed interest rate cut, boosting the broader cryptocurrency market in anticipation of policy easing.
Bitcoin rose above $94,000 ahead of Wednesday’s Federal Reserve meeting, as markets anticipate a rate cut that investors expect will lift risk assets. The move reversed recent declines that had pushed Bitcoin near $90K earlier in the week. Broader cryptocurrency markets gained alongside Bitcoin, reflecting increased optimism despite the decision being largely priced in. Altcoins remained mixed, with some recovering modestly from prior losses.