Crypto Rally Lifts Bitcoin Near $114,000 Ahead of Fed Decision
Softer inflation has traders leaning toward a rate cut this week.
Overview
- Bitcoin traded around $112,800–$114,000 over the weekend as total crypto value climbed to roughly $3.7–$3.9 trillion.
- The move followed US CPI at 3.0% for headline and core, which lifted rate‑cut expectations ahead of the FOMC, with one market account citing 98% odds.
- Gains were broad, with tokens such as Hyperliquid, Virtuals Protocol, Zcash, and Aerodrome Finance up more than 10% in 24 hours.
- Additional tailwinds cited included renewed institutional activity and reports of easing US–China trade tensions during President Trump’s Asia trip.
- Analysts cautioned that Bitcoin faces resistance near key moving averages and noted profit‑taking by long‑term holders, with the FOMC decision and major earnings now in focus.