BTC Surges 2.75% Amid Fed Rate Cut Optimism, $56B Volume Signals Renewed Institutional Interest

Bitcoin (BTCUSDT) has risen 2.75% over the last 24 hours, trading at 91,805.19 USDT on Binance, with a 24-hour open of 89,343.80 USDT. The price surge is primarily attributed to increased optimism regarding a potential Federal Reserve interest rate cut, with an 86% probability of a 25-basis-point reduction reported ahead of the upcoming FOMC meeting. Positive sentiment was further reinforced by strong market activity, reflected in a trading volume exceeding $56 billion and a global market capitalization now at approximately $1.839 trillion. Despite recent volatility and high short interest, Bitcoin’s momentum remains supported by renewed institutional interest and regulatory discussions, such as those seen in Pakistan regarding digital asset frameworks.