Top line
Bitcoin rose more than 4% on Tuesday – at times above $94,000 – as the broader cryptocurrency market rebounded on the possibility of the Federal Reserve cutting rates at its meeting on Wednesday.
TOPSHOT – An illustrative photograph taken on November 22, 2025 shows a gold-plated Bitcoin souvenir coin reflected in a mirror and arranged for a photograph in front of a computer screen displaying the monthly Bitcoin price chart at a residential property in Guildford, south London. Bitcoin’s value has fallen sharply since hitting record highs last month, above $126,000 in early October. (Photo by Justin TALLIS / AFP via Getty Images)
AFP via Getty Images
Key facts
Bitcoin was up 4.5% over the past 24 hours, as of 2 p.m. EST, as it traded just below $94,000.
Ether, the world’s second most valuable cryptocurrency by market capitalization, rose 9% to $3,377, while other major tokens like Solana, XRP and Binance BNB all climbed 6%, 4% and 3% respectively.
The Federal Reserve is expected to make a decision on interest rates at its meeting on Wednesday, with economists overwhelmingly forecasting a third straight rate cut, according to CME Group data.
Cryptocurrency markets often react positively to rate cut decisions by the Federal Reserve because lower rates increase investors’ appetite for riskier assets due to the potential for better returns.
Key context
Crypto markets have stabilized somewhat following a record slowdown in November, a month that marked bitcoin’s worst monthly performance since the crypto market crash of 2022. September’s rate cut sparked a brief crypto market rally, with bitcoin and ethereum posting gains after the Fed’s decision, while the October decision had little to no effect on the markets. Demand for Bitcoin ETFs, which surged at the start of the year, has cooled significantly in recent weeks, with U.S.-listed Bitcoin ETFs seeing $5.2 billion in net outflows since October 10, and Ether ETFs losing $2 billion in the same time. Gold prices also jumped on traders’ optimism ahead of the Federal Reserve’s interest rate decision.
