Bitcoin powered above $95,000 on Tuesday, pushing its daily gain to nearly 5%, but momentum is getting shaky. Traders are watching the Federal Reserve closely, with the market still expecting a 25-basis-point cut tomorrow.
But data from CME FedWatch and Polymarket show more investors are now betting the Fed pauses in January instead. What Jerome Powell says tomorrow could set the tone for the rest of the year.
Ether jumped 8.3% to $3,370, leading altcoins higher. XRP rose 4.5%, Solana climbed over 6%, and BNB moved up to $923. DOGE broke past $0.15 with a 6% gain, and ADA quietly popped 9.2%, its biggest move in weeks.
On the liquidation board, Bitcoin hit $137M, ETH reached $97M, and Solana, XRP, DOGE, and BNB all cleared multi-million marks. The only standout in red was HYPE, down 3.4% despite early week momentum.
Source: https://www.cryptopolitan.com/bitcoin-abruptly-surges-back-above-94000/