Bitcoin rose 2% to just above $81,000 in Wednesday Asian trading hours, recovering from Monday's dip below $80,000 as traders positioned for the Federal Reserve's rate decision. HYPE led major tokens with a nearly 6% gain to $81, while ZEC added 5% to hold around $1,300. DOGE gained 4%, and BNB and SOL each rose about 3%. Ether climbed 2% to approximately $2,360, and XRP advanced 3% to $1.32.
The rebound follows a Tuesday note from Galaxy Digital stating that now is the time to accumulate Bitcoin. Alex Thorn, head of firmwide research at Galaxy, said the bear market likely ended in June when Bitcoin traded under $58,000.
Market attention now turns to Fed Chair Kevin Warsh's press conference later Wednesday, where traders will watch for any hints of a December rate hike — a signal that could pressure risk assets including crypto.
Bitcoin Reclaims $81,000 as Majors Rally Ahead of Fed Decision
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