The cryptocurrency market experienced a surge of $150 billion on Tuesday afternoon, propelled by Bitcoin’s ascent to $94,000, marking an increase exceeding 2.5% within the day.
This rise in Bitcoin sparked gains across the wider crypto landscape: Ethereum climbed 6% to reach $3,320, Solana touched $140, and XRP advanced to $2.10. The bullish trend appears to be fueled by investor anticipation of a 25 basis point interest rate reduction anticipated at tomorrow’s Federal Open Market Committee (FOMC) meeting.