Crypto markets strengthened over the past 24 hours as traders priced in an estimated 85 percent probability of a Federal Reserve rate cut. Bitcoin rose 1.67 percent to move back above $87,000, while Ethereum crossed $2,900 and XRP advanced 11 percent. PayFi tokens led broader gains with a 9 percent rise as most major categories, including DeFi, Layer 1, CeFi and Layer 2 assets, posted recovery moves.