Bitcoin has surged to $92,000, marking a 2.49% increase in the past 24 hours, as the Fear & Greed Index rises to 26, moving out of the "extreme fear" zone. This comes as AI tokens lead a sector surge, with Fetch.ai (FET) gaining 9.6%. The Federal Open Market Committee (FOMC) meeting starts today, with a decision expected tomorrow. There is an 89.4% probability of a 25 basis point rate cut, which could trigger further volatility and a potential rebound in the crypto market.
In other developments, Bitcoin's 2025 performance is under scrutiny as it approaches a year-end low, risking its first annual decline since 2022 after peaking at $126,000. Meanwhile, traders are preparing for a potential $6.5 trillion expansion of the Federal Reserve's balance sheet, with Bank of America predicting a $45 billion monthly increase starting January 2026, which could boost risk-on investments in stocks and cryptocurrencies. Additionally, Republicans have proposed over 30 changes to a crypto market structure bill in negotiations with Democrats, aiming for bipartisan support.
Bitcoin Reclaims $92,000 as FOMC Meeting Begins Amid Market Volatility
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