HYPE and ZEC led a broad bounce, with every top token in the green hours before the Federal Reserve’s rate call.
U.S. officials have told a number of Middle East countries about its possible intentions for a brief, but intense, renewal of military operations against Iran following next Tuesday’s midterm elections, reports the WSJ.
President Trump has previously said he would hold off on attacks prior to the elections, but the U.S. military in the region has spent recent weeks rebuilding depleted munitions.
Oil is adding to overnight gains, WTI crude now higher by 1.8% to $101.70 per barrel. Brent crude is up 1.6% to $111.16.
Smaller tokens, such as memecoins PEPE and M and and others like bitway (BTW) token are leading the crypto market bounce ahead of the pivotal Fed meeting.
As of this writing, BTW was up 24% on a 24 hour basis, while PEPE and M were up 15% and 11%, respectively. Market leaders bitcoin and ether traded higher by 2%.
The Fed is widely expected to keep interest rates unchanged in the range of 3.75% to 4%.
Bitcoin rose 2% to just above $81,000 as of Wednesday Asian morning hours, building on its recovery from Monday’s dip below $80,000 as traders positioned for the Federal Reserve’s rate decision later in the day.
HYPE led the majors, jumping nearly 6% to just above $81, while ZEC added 5% to hold about $1,300. DOGE gained 4%, and BNB and SOL each rose about 3%, with BNB just under $760 and SOL above $102.
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