Bitcoin inches closer to six-figure mark as optimism builds ahead of Fed

Bitcoin and Ethereum advanced as traders positioned for a possible Santa rally driven by expectations of Federal Reserve rate cuts and supportive global liquidity conditions.

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Bitcoin inches closer to six-figure mark as optimism builds ahead of Fed

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Bitcoin inches closer to six-figure mark as optimism builds ahead of Fed
Bitcoin and Ethereum advanced as traders positioned for a possible Santa rally driven by expectations of Federal Reserve rate cuts and supportive global liquidity conditions.
Bitcoin traded at 91,114 dollars, rising 1.61 percent in the last 24 hours and pushing the global crypto market capitalization to 3.1 trillion dollars. Ethereum climbed 2.5 percent to 3,124 dollars and hovered near its 3,140 dollar resistance level. Market participants are closely tracking the Federal Reserve decision, with traders eyeing a potential year end rally toward the 100,000 dollar level for Bitcoin if interest rates are cut. 
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