Bitcoin Edges Higher with Ethereum, ADA, and XRP Leading Gains Amid Fed Rate Cut Expectations
Bitcoin trades above $91,300 as Asian markets open higher with investors pricing in a 25-basis-point Federal Reserve rate cut. Over the past 24 hours, Bitcoin has risen about 2% and is up over 6% in the past week, though resistance remains near the $94,000 level.
Ether has increased approximately 3% to around $3,135, marking a weekly gain of 10.6%. ADA has fallen about 1.4%, while XRP trades near $2.08. Other tokens such as BNB and Solana gained about 1% and 1.6% respectively, and Lido’s stETH rose by approximately 3%, reflecting broader improvements in crypto market activity.
Despite this upward movement, CryptoQuant’s Bull Score has fallen to zero for the first time since early 2022, with analyst Ki Young Ju warning that an absence of liquidity could deepen the market slowdown. Predictive models suggest Bitcoin may range between $55,000 and $70,000 next year.
K33 Research highlights potential catalysts on the horizon, including expected changes to 401(k) rules by early 2026, which could open retirement inflows to Bitcoin.
Ethereum recently completed its Fusaka hard fork, introducing upgrades aimed at scaling and increasing network efficiency.
Macro drivers continue to play a significant role as markets remain muted while traders await the Federal Reserve decision and assess the effectiveness of easing policies on risk appetite. The MSCI Asia index is up about 0.2%, with U.S. futures and the dollar drifting lower.
Bitcoin's current trajectory resembles previous cycle pullbacks seen in 2013, 2017, and 2021. Analysts expect this move to follow a corrective pattern amid the policy window in December.
