ByKirk Ogunrinde,
Contributor.
Bitcoin rose more than 4% on Tuesday—to above $94,000 at times—as the broader cryptocurrency market rebounded on the possibility that the Federal Reserve will cut rates during their meeting Wednesday.
Bitcoin was up 4.5% in the past 24 hours, as of 2 p.m. EST, when it was trading 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 spiking 6%, 4%, and 3% respectively.
