Bitcoin Climbs to $101K Ahead FOMC Meeting
With 58.25% dominance, Bitcoin (BTC-USD) price has climbed above $101,000 in the crypto market due to improved buying sentiment. The word largest digital asset rebounded amidst the negative effects of DeepSeek on tech stocks in major markets.
The global market braced itself for the upcoming Federal Open Market Committee (FOMC) meeting. CME’s FedWatch tool has predicted that there is a 99.5% chance that the Fed will keep its interest rates unchanged at 4.25% to 4.50%. Interest re-direction has the potential to impact BTCUSD price movement.
According to data from coinmarketcap.com, the global crypto market cap was still down by 1.39% in 24 hours, settling at $3.44 trillion as the general temperature in the crypto market weighed on asset pricing.
The total crypto market volume over the last 24 hours settled at $119.1 billion, which makes a 43.95% decrease. Also, the total volume in DeFi is currently $8.07 billion at the last look on Tuesday, accounting for 6.78% of the total crypto market 24-hour volume.
The volume of all stable coins is now $107.44 billion, which is 90.21% of the total crypto market 24-hour volume. Early in the day, major digital assets were mixed Tuesday, with Bitcoin (BTC/USD) holding ground above the $101,000 level.
The CoinDesk Market Index, which tracks 124 digital assets, rose 1.9% in the past 24 hours. The Nasdaq 100 was up 1.8% in late trading, while the S&P 500 and the Dow Jones Industrial Average climbed 1% and 0.3%, respectively.
Bitcoin was up 0.6% at $101,761 according to CoinMarketCap data. The most popular cryptocurrency’s 24-hour trading volume dropped about 44% to $48.65 billion.
Ethereum (ETH/USD), the second-largest digital asset by market value, eased 0.9% at $3,109. XRP (XRP/USD) added 3.3%, while Solana (SOL/USD) and BNB (BNB/USD) shed 2.6% and 0.9%, respectively.
Dogecoin (DOGE/USD) lost 2.8%, and Cardano (ADA/USD) fell 0.6%. The US 10-year Treasury yield closed at 4.546%, up from Monday’s close of 4.526%, while the five-year yield rose to 4.34% from 4.326%. #Bitcoin Climbs to $101K Ahead FOMC Meeting FBN Holdings Records Huge Off-Market Shares Transactions
