Hassan Maishera
Key takeaways
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BTC and other leading cryptocurrencies posted modest gains in the last 24 hours as traders await the Fed’s rate decision later today.
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The crypto market is yet to rally despite a weaker dollar and record-setting global equity markets.
BTC Reclaims $89k as Market Records Modest Gains
The cryptocurrency market recorded modest gains on Tuesday after a turbulent start to the week. Bitcoin, the leading cryptocurrency by market cap, is trading above $89k after gaining 1% over the last 24 hours.
At press time, BTC is trading at $89,100 per coin. Altcoins are also in the green, with Ether reclaiming $3k as it is up 2.7% since Tuesday.
Other major altcoins, including BNB, XRP, SOL, ADA, and DOGE, have also recorded modest gains in the last 24 hours. Thanks to the latest performance, the total cryptocurrency market cap has now reclaimed the $3 trillion mark.
The positive performance comes ahead of the FOMC meeting today. The Federal Reserve is set to make its first interest rate decision for 2026, with analysts split on the possible outcome of the meeting.
The U.S. dollar dropped to its weakest level since early 2022 earlier in the week, causing a rally for Gold, Silver, and other major assets. However, cryptocurrencies continue to lag behind.
The market has been trading below the $90k in recent weeks, suggesting stabilization, not momentum, as markets head into a dense stretch of macro events.
