ETH, ADA and privacy-focused coins XMR and ZEC surged over 7% in 24 hours, with traders eyeing cross-pair gains ahead of a possible U.S. Federal Reserve rate cut.
Ether priced in Bitcoin reached 0.036, its highest since October 27, while ADA/BTC also hit multi-week highs. ETH, ADA, XMR and ZEC rose over 7% in 24 hours, with SOL, DOGE, XLM, LINK and HYPE up about 2%. Markets are awaiting a likely 25 basis point Federal Reserve rate cut and commentary from Chair Jerome Powell, which could influence cross-pair momentum. Bitcoin briefly touched $94,500 before easing to $92,211. The IMF warned stablecoins may pose foreign exchange risks to emerging markets, though experts consider the current market too small for systemic impact. In other macro events, a pending Supreme Court decision on Trump’s reciprocal tariffs could affect inflation and trade outlook. Traditional markets saw silver reach a record $61.60 per ounce. GoPlus reported $4.7M revenue year-to-date, with its $GPS token achieving $5B spot and $10B derivatives volume in 2025.