Bitcoin & Ethereum rise as crypto market hits $3.92 trillion

Major cryptocurrencies like Bitcoin (BTC-PKR) and Ethereum (ETH-PKR) saw strong gains recently, pushing the overall crypto market value close to US $3.92 trillion. Bitcoin rose about 4%, trading above $115,900, while Ethereum jumped around 7.7% to approximately $4,253.

Why the Market Is Rising

Experts say the rise comes from easing U.S.-China trade tensions and growing expectations that the Federal Reserve (Fed) will cut interest rates. Traders are preparing for the Fed meeting on October 29, hoping for more supportive monetary policies.

Analysts also point to a reported U.S.-China agreement on trade and rare earth exports, which reduced fears of a full trade war. This has shifted investor attention back to growth-focused sectors like cryptocurrencies.

Additionally, the CME Group’s FedWatch Tool shows nearly a 99% chance of a 25-basis-point rate cut, encouraging investors to take more risks in both crypto and traditional markets.

What This Means for Investors

Bitcoin reclaiming the $115K level and Ethereum’s rapid rise indicate a renewed risk-on sentiment in crypto markets. Other altcoins are also joining the rally, giving investors more opportunities beyond Bitcoin.

This surge shows that cryptocurrencies are responding strongly to global economic signals such as trade policies and central bank actions, not just internal market factors.

However, investors should remain cautious. The crypto market is highly volatile, and sudden drops or corrections can happen, especially if global economic expectations are not met. These gains, while exciting, may be short-lived.

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