Bitcoin and other major cryptocurrencies are suddenly flying high on Tuesday, surging in value ahead of Wednesday’s Federal Reserve meeting conclusion that’s widely expected to bring a third interest rate cut. And that’s led to a growing pile of short positions getting liquidated—a rarity of late.
Bitcoin was recently trading above $94,400, the highest price registered since mid-November, according to price aggregator CoinGecko. The price of the leading cryptocurrency had been hovering around the $90,000 mark prior to Tuesday morning’s spike, with the coin now showing a 5% climb over the past 24 hours. It’s now up about 4% on the week.
Altcoins are faring even better, however, with Ethereum extending its recent rebound with an 8% daily…
Dec 09 2025
