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Phemex Crypto Market Daily: Privacy Coins Surge as Bitcoin, Ethereum Rally Ahead of Fed Rate Decision (Oct 26)
Key Takeaways:
1. Macro Environment The Federal Reserve is expected to cut rates this week, boosting risk appetite and DeFi liquidity. Regulatory clarity in the US and India is driving digital asset adoption, while stablecoin payments have surged 70% post-GENIUS Act. The ECB maintains current rates as Eurozone inflation stabilizes, supporting crypto-fiat pair stability. 2. Crypto Market The crypto market rallied in the past 12 hours, led by Bitcoin up 1.90% to $113,869 and Ethereum up 3.46% to $4,082.84, driven by anticipation of a Fed rate cut. Privacy coins surged, with Zcash up 23.91% and DASH up 16.20%, while Hyperliquid gained 14.76% on Robinhood listing news. Altcoins showed strong sector rotation into privacy and new listings. 3. Today's Outlook No major token unlocks or high-impact events are scheduled for today. Market focus remains on macroeconomic expectations and upcoming central bank decisions, with volatility likely to increase ahead of the US Fed and ECB rate announcements later this week.

