The post Bitcoin Rebounds to $89,200, XRP Soars 11%, Global Market Tops $3.02T appeared on BitcoinEthereumNews.com. Bitcoin rebounds to $87k after briefly hitting a 24-hour high of $89,206. XRP soars 11%, fueled by ETF inflows, reclaiming all last week’s losses. Global crypto market cap tops $3.02T as investor sentiment strengthens on Fed rate-cut expectations. After several days of a bearish trend, the crypto market is bullish again, with Bitcoin making a renewed attempt at the $90K level. Today, Bitcoin briefly reclaimed $89,206 after having dropped to $80,600 last Friday. At press time, Bitcoin had settled slightly lower at $87,944, reflecting a 1.02% gain. Meanwhile, altcoins gave a standout performance over the past 24 hours. Market data from Santiment highlighted XRP as one of the biggest gainers, soaring over 10% to trade at $2.24. This price movement has allowed XRP to recover all losses incurred last week. On Tuesday, XRP showed a weekly gain of 4.02%, compared to Bitcoin, which still reflects a 2.3% loss. Other altcoins leading the recovery today include SUI (+11%), PEPE (+8%), NEAR (+7%), TEL (+6%), and ETH (+3%). These assets are rebounding sharply from last week’s FUD-driven pullback. They are now attempting to build on this momentum as sidelined traders gradually re-enter the market. Notably, the global crypto market cap has rebounded above $3.02 trillion, after crashing to $2.8 trillion last week. Related: Bitcoin Sits Above the Crucial $80,000 Level: What Should Investors Expect? Market Sentiment Strengthens on Fed Rate-Cut Expectations The shift in sentiment followed new data showing the probability of a Federal Reserve rate cut in December rising to 85%, boosting confidence across risk-on assets. The PayFi sector led all categories with a 9.03% surge, driven by strong performances from: XRP, up by 11.00% Telcoin (TEL), up by 3.61% Several major sectors also posted notable gains as volatility cooled and markets stabilized: Meme Sector: up by 5.51%, with Fartcoin jumping… The post Bitcoin Rebounds to $89,200, XRP Soars 11%, Global Market Tops $3.02T appeared on BitcoinEthereumNews.com. Bitcoin rebounds to $87k after briefly hitting a 24-hour high of $89,206. XRP soars 11%, fueled by ETF inflows, reclaiming all last week’s losses. Global crypto market cap tops $3.02T as investor sentiment strengthens on Fed rate-cut expectations. After several days of a bearish trend, the crypto market is bullish again, with Bitcoin making a renewed attempt at the $90K level. Today, Bitcoin briefly reclaimed $89,206 after having dropped to $80,600 last Friday. At press time, Bitcoin had settled slightly lower at $87,944, reflecting a 1.02% gain. Meanwhile, altcoins gave a standout performance over the past 24 hours. Market data from Santiment highlighted XRP as one of the biggest gainers, soaring over 10% to trade at $2.24. This price movement has allowed XRP to recover all losses incurred last week. On Tuesday, XRP showed a weekly gain of 4.02%, compared to Bitcoin, which still reflects a 2.3% loss. Other altcoins leading the recovery today include SUI (+11%), PEPE (+8%), NEAR (+7%), TEL (+6%), and ETH (+3%). These assets are rebounding sharply from last week’s FUD-driven pullback. They are now attempting to build on this momentum as sidelined traders gradually re-enter the market. Notably, the global crypto market cap has rebounded above $3.02 trillion, after crashing to $2.8 trillion last week. Related: Bitcoin Sits Above the Crucial $80,000 Level: What Should Investors Expect? Market Sentiment Strengthens on Fed Rate-Cut Expectations The shift in sentiment followed new data showing the probability of a Federal Reserve rate cut in December rising to 85%, boosting confidence across risk-on assets. The PayFi sector led all categories with a 9.03% surge, driven by strong performances from: XRP, up by 11.00% Telcoin (TEL), up by 3.61% Several major sectors also posted notable gains as volatility cooled and markets stabilized: Meme Sector: up by 5.51%, with Fartcoin jumping…

Bitcoin Rebounds to $89,200, XRP Soars 11%, Global Market Tops $3.02T

  • Bitcoin rebounds to $87k after briefly hitting a 24-hour high of $89,206.
  • XRP soars 11%, fueled by ETF inflows, reclaiming all last week’s losses.
  • Global crypto market cap tops $3.02T as investor sentiment strengthens on Fed rate-cut expectations.

After several days of a bearish trend, the crypto market is bullish again, with Bitcoin making a renewed attempt at the $90K level. Today, Bitcoin briefly reclaimed $89,206 after having dropped to $80,600 last Friday. At press time, Bitcoin had settled slightly lower at $87,944, reflecting a 1.02% gain.

Meanwhile, altcoins gave a standout performance over the past 24 hours. Market data from Santiment highlighted XRP as one of the biggest gainers, soaring over 10% to trade at $2.24. This price movement has allowed XRP to recover all losses incurred last week. On Tuesday, XRP showed a weekly gain of 4.02%, compared to Bitcoin, which still reflects a 2.3% loss.

Other altcoins leading the recovery today include SUI (+11%), PEPE (+8%), NEAR (+7%), TEL (+6%), and ETH (+3%). These assets are rebounding sharply from last week’s FUD-driven pullback.

They are now attempting to build on this momentum as sidelined traders gradually re-enter the market. Notably, the global crypto market cap has rebounded above $3.02 trillion, after crashing to $2.8 trillion last week.

Related: Bitcoin Sits Above the Crucial $80,000 Level: What Should Investors Expect?

Market Sentiment Strengthens on Fed Rate-Cut Expectations

The shift in sentiment followed new data showing the probability of a Federal Reserve rate cut in December rising to 85%, boosting confidence across risk-on assets. The PayFi sector led all categories with a 9.03% surge, driven by strong performances from:

  • XRP, up by 11.00%
  • Telcoin (TEL), up by 3.61%

Several major sectors also posted notable gains as volatility cooled and markets stabilized:

  • Meme Sector: up by 5.51%, with Fartcoin jumping 24.17%
  • DeFi Sector: up by 4.35%, supported by Ethena (ENA) rising 10.64%

XRP Leads Amid ETF Momentum

While Bitcoin remains the market anchor, XRP is currently leading the charge as ETFs for the coin begin launching. On Monday, global asset manager Franklin Templeton launched its new XRP ETF (XRPZ), recognizing XRP’s key role in global payments. The ETF allows investors exposure to XRP without holding the token directly.

Its first-day inflows totaled $62.59 million, bringing the total XRP ETF inflow to $164 million. Grayscale’s GXRP led with $67.36 million, while Bitwise and Canary Capital added $17.71 million and $16.38 million, respectively. Monday’s total XRP ETF inflows reached $164 million, bringing overall XRP ETF assets under management to $628.62 million.

Related: Franklin Templeton Grayscale XRP ETFs to Launch Nov 24 with $150M Volume Expected

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/bitcoin-rebounds-to-89200-xrp-soars-11-global-market-tops-3-02t/

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.9561
$1.9561$1.9561
-4.62%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Zero Knowledge Proof Stage 2 Coin Burns Signal a Possible 7000x Explosion! ETH Slows Down & Pepe Drops

Zero Knowledge Proof Stage 2 Coin Burns Signal a Possible 7000x Explosion! ETH Slows Down & Pepe Drops

Explore how experts are pointing to a possible 7000x rise for Zero Knowledge Proof (ZKP) while ETH slows and Pepe moves sideways, driven by ongoing coin burns and
Share
CoinLive2026/01/19 07:00
Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058

Ethereum price predictions are turning heads, with analysts suggesting ETH could climb to $10,000 by 2026 as institutional demand and network upgrades drive growth. While Ethereum remains a blue-chip asset, investors looking for sharper multiples are eyeing Layer Brett (LBRETT). Currently in presale at just $0.0058, the Ethereum Layer 2 meme coin is drawing huge [...] The post Ethereum Price Prediction: ETH Targets $10,000 In 2026 But Layer Brett Could Reach $1 From $0.0058 appeared first on Blockonomi.
Share
Blockonomi2025/09/17 23:45