As of today, $BTC is trading at roughly USD 92,500 – 92,700, a rise of about 2–3 % over the past 24 hours. TechStock²+2The Economic Times+2
Over the last 24 h the intraday range has seen swings between approximately USD 90,000 and USD 94,500. TechStock²+2TechStock²+2
The broader crypto market cap appears to be stabilizing, amid rising optimism ahead of a key monetary-policy decision by Federal Reserve (the Fed). The Economic Times+2FX Leaders+2
🔎 What’s Driving the Recent Move
Markets are gearing up for the Fed’s upcoming interest-rate announcement, widely expected to include a 25 basis-point cut — a move that tends to boost liquidity and generally supports risk assets like Bitcoin. TechStock²+2AInvest+2
On-chain data and exchange flows suggest some accumulation (especially by large holders / “whales”) and reduced supply on exchanges — a trend that may tighten available BTC supply and add support for price. TechStock²+2FX Leaders+2
That said — despite recent gains — major financial institutions are tempering their long-term forecasts: Standard Chartered recently revised down its long-term Bitcoin target, pointing out weaker corporate demand and slower ETF inflows as headwinds.
