BTC trades near $92,300 and ETH rises 7% post-Fusaka upgrade, while traders brace for potential volatility from the Fed's expected 25 basis point cut.
Bitcoin rose 2.3% to $92,300 and Ether gained 7% following the Fusaka upgrade, ahead of the U.S. Federal Reserve’s anticipated 25 basis point interest-rate cut. BTC has traded between $88,000 and $94,500 in the past week, with traders watching for a breakout. Volmex data shows BTC’s one-day implied volatility jumped to 67%, suggesting a 3.5% expected price swing. ETH volatility implies a 4.6% move, with SOL and XRP projected at 5%. Deribit data reveals BTC and ETH puts remain pricier than calls, and ETH open interest rose to 12.4 million. Altcoins are underperforming, with CoinMarketCap’s altcoin season index at 16/100. Tokens HYPE, STRK, KAS, and APT lead declines, while AI token FET rebounded 9.3% over 24 hours. GoPlus reported $4.7M in 2025 revenue, with the $GPS token exceeding $5B in spot and $10B in derivatives trading volume. KindlyMD secured a $210M loan from Kraken to repay Antalpha Digital.