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Gold Hits New Highs, While Bitcoin, Ethereum, Dogecoin Move Sideways After Fed Keeps Rates Steady: Analyst Sees BTC's Move To $95,000 If This Happens
['Aniket Verma']
Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals
Top Gainers (24 Hours)The global cryptocurrency market capitalization stood at $3.01 trillion, down 1.41% over the past 24 hours.
Meanwhile, gold extended its record-breaking rally, with spot prices up 0.69% at $5,456.29 an ounce.
Ali Martinez, a well-known cryptocurrency trader and analyst, noted that Bitcoin dropped 14% on average after FOMC announcements in 2025.
"If Gold has a sharp correction, I think we’ll see Bitcoin move to $95,000," Van De Poppe projected.
Note that Bitcoin and other cryptocurrencies spiked while gold eased ahead of the Fed’s rate cut decision.