Bitcoin, XRP, Dogecoin Rise On Interest Rate Cut Hopes; Ethereum Trades Flat: Analytics Firm Pumps The Brakes On Rally Hype

Leading cryptocurrencies gained on Tuesday, as investors increased their risk appetite in anticipation of a 25-basis-point rate cut.

Cryptocurrency Gains +/- Price (Recorded at 9:25 p.m. ET)
Bitcoin (CRYPTO: BTC) +1.16% $116,682.70
Ethereum (CRYPTO: ETH)
               
-0.44% $4,514.35
XRP (CRYPTO: XRP)                          +1.53% $3.04
Solana (CRYPTO: SOL)                          +0.50% $236.55
Dogecoin (CRYPTO: DOGE)                          +0.37% $0.2695

Bitcoin Spikes After DC Meet

Bitcoin topped $117,000 after nearly a month as cryptocurrency executives, including Strategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor and MARA Holdings Inc. (NASDAQ:MARA) CEO Fred Thiel , joined lawmakers in Washington, D.C. to push for the Strategic Bitcoin Reserve bill.

Ethereum, on the other hand, remained trapped in the range between $4,430 and $4,530, while trade activity dried up during the 24-hour period. XRP rose 1.53% to go past $3

Over $175 million was liquidated from the cryptocurrency market in the last 24 hours, …

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