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Bitcoin Reclaims $87,000 as Crypto Market Recovers on Rate-Cut Optimism
Crypto markets strengthened over the past 24 hours as traders priced in an estimated 85 percent probability of a Federal Reserve rate cut. Bitcoin rose 1.67 percent to move back above $87,000, while Ethereum crossed $2,900 and XRP advanced 11 percent. PayFi tokens led broader gains with a 9 percent rise as most major categories, including DeFi, Layer 1, CeFi and Layer 2 assets, posted recovery moves.
Companies:
- Excelsoft Technologies
Tags:
- crypto
- bitcoin
CoinDesk• By Pooja Kumari
Explore:Mutual Fund Categories
positive
Bitcoin Reclaims $87,000 as Crypto Market Recovers on Rate-Cut Optimism
Crypto markets strengthened over the past 24 hours as traders priced in an estimated 85 percent probability of a Federal Reserve rate cut. Bitcoin rose 1.67 percent to move back above $87,000, while Ethereum crossed $2,900 and XRP advanced 11 percent. PayFi tokens led broader gains with a 9 percent rise as most major categories, including DeFi, Layer 1, CeFi and Layer 2 assets, posted recovery moves.
Companies:
- Excelsoft Technologies
Tags:
- crypto
- bitcoin
CoinDesk• By Pooja Kumari
Explore:Mutual Fund Categories
1 min read
67 words
Bitcoin climbed above $87,000 as crypto markets rebounded on rising Fed rate-cut expectations, with Glassnode noting oversold conditions but improving momentum.
Crypto markets strengthened over the past 24 hours as traders priced in an estimated 85 percent probability of a Federal Reserve rate cut. Bitcoin rose 1.67 percent to move back above $87,000, while Ethereum crossed $2,900 and XRP advanced 11 percent. PayFi tokens led broader gains with a 9 percent rise as most major categories, including DeFi, Layer 1, CeFi and Layer 2 assets, posted recovery moves.
Crypto markets strengthened over the past 24 hours as traders priced in an estimated 85 percent probability of a Federal Reserve rate cut. Bitcoin rose 1.67 percent to move back above $87,000, while Ethereum crossed $2,900 and XRP advanced 11 percent. PayFi tokens led broader gains with a 9 percent rise as most major categories, including DeFi, Layer 1, CeFi and Layer 2 assets, posted recovery moves.
Companies:
- Excelsoft Technologies
Tags:
- crypto
- bitcoin
- crypto
- bitcoin
- markets
- ethereum