Traders bet on Fed cut as Bitcoin, XRP, Solana pull in $130B
- The cryptocurrency sector valuation grew by $12.5 billion as it advanced to a new all-time high of $3.73 trillion on Tuesday.
- While Bitcoin price hit a new all-time high of $108,135, Ethereum and Solana also scored considerable gains.
- Privacy-focused coins Monero and Litecoin also recorded major gains after the US authorities shut down a North Korean crypto laundering network.
Altcoin market updates: Solana, XRP, Litecoin emerge as top performers ahead of Fed decision
As the US Federal Open Market Committee (FOMC) kicked off its last meeting of the year on Tuesday, bullish traders placed last minute bets in anticipation of a third consecutive rate cut decision.