Crypto Market Surges Across the Board — Will Capital Inflows Accelerate After the FOMC?

The cryptocurrency market saw broad gains on the 10th. Bitcoin (BTC) broke above $90,000 (approx. ¥14.1 million) and briefly touched $94,000 (approx. ¥14.7 million) before stabilizing around $92,500 (approx. ¥14.5 million) at the time of writing.

While equity markets softened ahead of the FOMC (Federal Open Market Committee) meetings held on the 9th and 10th, crypto assets moved in the opposite direction, rising ahead of the macro event.
Initially, forecasts suggested that the Fed would likely avoid a rate cut at this meeting. However, signs of a slowing labor market shifted market sentiment. Current expectations now indicate about a 90% probability of a 0.25% rate cut, which has provided a supportive backdrop for the crypto market.

Among major assets, Ethereum (ETH) has been particularly strong. The surge follows BlackRock’s filing for an Ethereum staking ETF, along with rising institutional interest driven by anticipated long-term demand for Ethereum.

Should the FOMC surprise markets by keeping rates unchanged, volatility in crypto assets could spike sharply.
U.S. interest rate decisions also affect tech stocks—an asset class often correlated with crypto—which means movements in equities could partially spill over into the cryptocurrency market as well.

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