Why Crypto Market is Up Today? 

The post Why Crypto Market is Up Today?  appeared first on Coinpedia Fintech News

Bitcoin (BTC) is trading around $116,364, up about 1% over the past 24 hours. Ethereum (ETH) is slightly down, near $4,486, reflecting softer investor confidence for now. Solana dropped 0.9%, but Cardano gained 1.1%. 

In meme coins, Dogecoin dipped 0.8%, while TRUMP ticked up 0.2%. Despite the gains, altcoins are reacting mixed, with some rising, others lagging. Overall, traders are on alert ahead of major policy and macroeconomic decisions. 

Why Are Crypto Prices up Today?

One of the main drivers of optimism is the expectation that the U.S. Federal Reserve will announce an interest rate cut of about 25 basis points. Lower borrowing costs often push investors toward riskier assets, including Bitcoin and other cryptocurrencies. 

Adding to this bullish sentiment, crypto investment products attracted $3.3 billion in inflows last week, with Bitcoin-focused funds pulling in $2.4 billion. This brought total digital asset assets under management to nearly $239 billion, showing strong institutional appetite for exposure to Bitcoin.

FOMC Expectations 

The Fed’s policy announcement is the single most important short-term event for markets right now. According to the CME FedWatch Tool, traders see a 96% chance of a 25-basis-point cut. 

Some analysts, like Fundstrat’s Tom Lee, believe this could fuel a “monster move” for both Bitcoin and Ethereum in the coming months. But others are cautious. 

Analyst Ted warned that Bitcoin could first drop to $104,000, or even as low as $92,000, before bouncing to new highs. This split view highlights how unpredictable the market could be, even under favorable conditions.

Also Read :   FOMC Meeting Today: Crypto Market Predictions Ahead of FED Interest Rate Decision    ,

Crypto Market Predictions

Bitcoin’s battle with the $116K resistance level remains central. A decisive break above could set the stage for another leg higher if the Fed delivers the expected rate cut. 

Ethereum, meanwhile, is under close watch for how it handles DeFi adoption, staking demand, and tokenization. 

Citi recently projected ETH could finish the year near $4,300, supported by its growing role in stablecoins and blockchain-based finance.

Solana continues to attract institutional interest despite short-term weakness. Strong inflows into ETFs and its developer momentum keep it on the radar of big investors. XRP is also riding market speculation around potential ETF approvals and renewed interest in altcoins.