Ahead of the FOMC, the market rallied. $BTC is trading at $60,309, up 3.6%, and $ETH is trading at $2,341, up 2.0%. Notably, Bitcoin dominance is at 58.5%.
The market is currently pricing in a 63% chance of a 50bps rate cut, up from 34% a week ago. Key points for the FOMC include updates on future rate cut projections and adjustments to economic estimates.
A few crypto headlines include World Liberty Financial confirming plans for a token and revealing its tokenomics, Circle launching USDC on Sui, and Wintermute launching a new US election betting market with Chaos.
During the last 24 hours, the top three gainers were $NEIRO, $DYM, and $PEPE, while the top three losers were $GAL, $HNT, and $AR.
