Bitcoin News Today: Bitcoin, Ethereum Rise on Fed Easing Hopes, Altcoins Gain Momentum

Bitcoin, Ethereum Climb to Two-Week Highs on Fed Rate Cut Hopes

Bitcoin and Ethereum surged to two-week highs as markets priced in a near-certain Federal Reserve rate cut. BTC hovered near $93,400, while ETH crossed $3,200. Analysts linked the rebound to softer U.S. data, improving liquidity, and renewed ETF inflows.

Major altcoins like XRP, BNB, and Solana also gained traction, with many rising over 2% in 24 hours. However, the global crypto market cap dipped 1.62% to $3.18 trillion amid cautious sentiment and ongoing liquidation risks.

With a 94% probability of a 25 basis-point cut expected by next week, risk assets have benefited from renewed optimism. Bitcoin, however, remains below key resistance near $94,000, consolidating amid mixed signals from traders and investors according to market analysis.

Market Drivers and Institutional Moves

The anticipation of Fed easing has shifted capital into cryptocurrencies and other risk assets. Softer U.S. labor data and the end of quantitative tightening have boosted the case for a December rate cut, which could spark a broader market rally according to analysts.

Institutional flows continue to favor Bitcoin over Ethereum, with ETF inflows reaching $58.5 million for BTC while ETH products faced outflows. This trend reflects a preference for the perceived safety of Bitcoin amid macroeconomic uncertainty.

Meanwhile, Robinhood's expansion into Indonesia and Canada signals growing institutional interest in crypto markets. The firm acquired local brokerage and crypto firms to accelerate its global presence, targeting markets with high adoption rates.

Analyst Perspectives and Technical Outlook

Riya Sehgal of Delta Exchange said the crypto market is positioning for a Fed rate cut, which has boosted risk-on sentiment. She noted that Bitcoin is consolidating below $94,000–$95,000 resistance, while Ethereum's surge above $3,200 suggests momentum despite cautious positioning.

Technical indicators remain mixed. Bitcoin's MACD has stayed bullish since late November, but the RSI at 44 indicates bearish pressure. Analysts warn of a potential fake breakout if BTC fails to stabilize above $90,000–$91,000 support.

On the macro front, U.S. President Donald Trump's plans to nominate a more dovish Fed chair have added to market expectations of an accommodative monetary environment. However, inflation and labor market data still pose challenges to a prolonged recovery according to market analysts.

What This Means for Investors

Investors are advised to monitor key liquidity metrics and central bank signals as they drive near-term performance. While a December rally appears plausible, cross-asset volatility and macroeconomic headwinds suggest caution according to market reports.

For Bitcoin, breaking above $94,000 could signal renewed bullish momentum, but a failure to hold above $92,000 may trigger a deeper correction. Ethereum's Fusaka upgrade and ADA's governance developments provide sector-specific catalysts according to industry experts.

As the Fed's December decision approaches, traders remain divided between optimism and skepticism. Positioning remains fragile, with leverage subdued and liquidation risks lingering despite ETF inflows and regulatory developments according to market analysis.