Great news for crypto enthusiasts.Bitcoin Ethereum and BNB are experiencing a positive trend today and driven by anticipation of a potential 50-basis-point interest rate cut by the Federal Open Market Committee (FOMC) . This cut could lead to a significant bull run in the crypto market, with Bitcoin historically performing better in Q4 raising an average of 88.84%
đšToday's Market Highlights:
_Bitcoin (BTC)_ is up 4% in the past 24 hours climbing above $60K
_Ethereum (ETH)_ saw a 4% increase with its liquidations hitting $26.80 million
_BNB_ rose 3% alongside other altcoins like Solana and XRP
The Korea Premium Index is also driving price surges in South Korea's crypto market where institutional trading plays a pivotal role . Additionally the upcoming FOMC meeting has sparked investor interest with the CME Fed Watch Tool indicating a higher probability of a 50-basis-point rate cut.
