Fed Rate Cut: Bitcoin, Ether Surge

Anticipation builds as investors await the Federal Reserves interest rate decision, potentially boosting Bitcoin and Ether. Bitcoin trades around ninety-two thousand dollars, Ether gains seven percent. Rate cuts can drive active trading, with Bitcoin range-bound at eighty-eight thousand to ninety-four thousand dollars. Implied volatility suggests modest price swings. Options show traders preparing for potential downside, while open interest rises for major tokens, except Ether, which gains attention post-upgrade. Altcoins lag, with the altcoin season indicator at a low sixteen.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.