Cryptocurrencies are seeing a favorable trading trend as excitement grows for the Federal Open Market Committee’s announcement scheduled for Wednesday afternoon. The Federal Reserve is expected to reduce interest rates by 25 basis points. The total value of the crypto market experienced a rise of about half a percent in the past 24 hours. Without labor market data, market participants expect the Fed to reduce interest rates to tackle the current slowdown and weaknesses in the labor market. The unemployment rate in the U.S. was recorded at 4.3 percent in August, a decrease from 4.2 percent in July and 4.1 percent in June. The release of September data has been delayed because of the U.S. government shutdown.
Even though the annual headline consumer price inflation increased to 3 percent in September from 2.9 percent in August and 2.7 percent in both July and June, market sentiment continues to strongly support the Fed’s easing approach. The tool shows an 87.9 percent likelihood of a 25 basis point rate reduction in December. The total value of the crypto market has increased by more than half a percent overnight. In the past day, 35 out of the top 100 cryptocurrencies have surged by more than a percent, whereas 13 of the top 100 have faced a drop of over 1 percent during the night. Bitcoin saw a 0.80 percent rise overnight, currently priced at $115,740.75, putting it around 8 percent under its peak of $126,198.07 achieved on October 7. The original cryptocurrency has experienced a rise of 5.4 percent in the past week, 5.6 percent over the last 30 days, and nearly 24 percent year-to-date in 2025.
The trading range in the last 24 hours varied from $115,779.62 to $113,566.80. On Monday, Bitcoin-based Spot ETF products in the U.S. experienced a significant increase in inflows, reaching $149 million, compared to $91 million on Friday. The iShares Bitcoin Trust ETF has experienced remarkable inflows, totaling $65 million. Ethereum saw a 0.36 percent rise overnight, with its trading price reaching $4,163.69. Gains in 2025 have skyrocketed to 25 percent. Ether is presently valued at a level that is 16 percent below its peak price. The trading range over the past 24 hours varied between $4,232.67 and $4,069.09. Ethereum-based Spot ETF products experienced net inflows of $134 million on Monday, in contrast to outflows of $94 million on Friday. The iShares Ethereum Trust has experienced remarkable inflows, totaling $73 million. Currently ranked 4th, XRP experienced an overnight rise of 1.8 percent, with its trading price reaching $2.65.
The 5th ranked BNB saw a decrease of 0.18 percent overnight, currently trading at $1,143.29, which is about 17 percent below its all-time high. The 6th ranked Solana experienced a 1.6 percent rise overnight, elevating its price to $202.11. Dogecoin, now in the 8th position, experienced a minor uptick of 0.09 percent overnight, bringing its price to $0.2021. DOGE, facing losses close to 36 percent, is notable as the top cryptocurrency dealing with year-to-date declines. Currently ranked 9th overall, TRON experienced a slight overnight rise of 0.45 percent and is trading at $0.2993. Cardano, now in the 10th position, experienced a minor rise of 0.15 percent overnight, with its trading price reaching $0.6715. Official Trump, currently ranked 55th, experienced a remarkable surge of 22 percent overnight, while 17th ranked Hedera saw an impressive increase of 16.1 percent. Humanity Protocol, currently sitting at the 94th rank, managed to lead the way in recovering from overnight losses among the top 100 cryptocurrencies, despite experiencing a decline of over 12 percent. Zcash, currently sitting at the 25th rank, experienced a decline of 5.3 percent overnight.