Bitcoin Reaches New Highs, Crypto Market Rallies Amidst FOMC Speculation

The global crypto market cap soared by 2.44% in just 24 hours to reach $3.85 trillion as investors poured money back into digital assets. This explosive move comes amid anticipation for the Federal Reserve’s decision on a potential 25 basis-point rate cut at its Wednesday meeting. Crypto analysts predict a 98% probability of this rate reduction, creating a potentially pivotal week for both traditional and crypto markets.