Bitcoin, Ethereum, XRP, Dogecoin Spike 1% After Expected Rate Cut

Bitcoin is spiked briefly to $94,000 after the Federal Reserve cut interest rates by 25 basis points.

Notable Statistics:

• Coinglass data shows 100,951 traders were liquidated in the past 24 hours for $196.69 million.????? ?
• In the past 24 hours, top gainers include MemeCore, Monero and Sei.

Notable Developments:

• US Banks Just Got The Green Light For Crypto: What It Means For Investors
• Cathie Wood Says Bitcoin Is ‘Climbing A Wall Of Worry’
• ‘Big Short’ Investor Michael Burry Says He’s Learning About Tokenization And How It Is Rewiring Wall Street
• Tom Lee Says Current Ethereum Prices Are ‘Future Optionality At A Discount’
• Peter Schiff Slams Michael Saylor’s Bitcoin Strategy As ‘Total….’
• Forget MSTR? This Bitcoin Mining Stock Is Ready For A Breakout As Momentum Score Spikes

Trader Notes: Crypto trader Michael van de Poppe said traders are sticking to the standard FOMC playbook ? avoid leverage, avoid trading the announcement, expect the first move to be a head-fake, and wait for the real trend to form in the following days.

He added that Ethereum continues to outperform Bitcoin, a dynamic he expects to continue, especially with volatility rising.

Daan Crypto Trades noted that pre-FOMC liquidity games are in full swing.

He expects both local highs and lows to be swept in the hours leading into the decision, calling this an environment where most traders get chopped up.

His advice: sit back, let volatility play out, and reassess once the market shows its direction.

KillaXBT pointed out that when Bitcoin posts a red quarterly close, the next quarter often wicks below the previous low before reversing higher.

If this pattern repeats, Q1 could briefly dip below $80,000, potentially toward $74,000, before resuming an upward move.

Read Next:

• The Bitcoin, Ethereum Dump Is Over, Says Wintermute?Here’s What’s Next

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