Crypto Markets Stabilize as Fed Rate Cut Expectations Rise
Cryptocurrency markets regained footing Monday, with total market capitalization climbing 1.5% to $3.02 trillion as investors priced in growing expectations for a Federal Reserve rate cut in December following recent market turbulence.
Bitcoin traded at $87,657, up 0.16% over 24 hours, while Ethereum advanced 2.08% to $2,913 and Solana gained 3.01% to $137.84, per Coinmarketcap data. The recovery followed last week’s sharp selloff that saw Bitcoin briefly touch $81,000 and triggered $2 billion in liquidations across crypto markets over two days.
The stabilization tracks broader risk asset strength, with U.S. equity futures pointing higher and European stocks rallying in early trading. The STOXX 600 rose 0.5% after ending last week…
