Bitcoin Rebounds to $92,000 Ahead of FOMC Decision [Crypto Briefing]

[Financial News] On the 10th, Bitcoin (BTC) climbed back to the $92,000 level. This rebound is attributed to growing expectations for a rate cut ahead of the Federal Open Market Committee (FOMC) decision.
According to the global digital asset information platform CoinMarketCap, as of 10:15 a.m. on this day, BTC was trading at around $92,000, up 2.01% over the past 24 hours. Over the past week, BTC has risen by 0.54%.
In the KRW market, BTC is trading at approximately 136 million KRW. According to the global asset price comparison platform Cryprice, the Korea premium stands at 0.94%.
The Federal Reserve System (Fed) is holding its FOMC meeting on the 9th and 10th (local time). The market is largely expecting a 25 basis point rate cut at this meeting.
There is also keen interest in the Fed's rate policy for next year. The FOMC is set to release its quarterly Summary of Economic Projections (SEP) and the dot plot during this meeting.
Brett Kenwell, a U.S. investment analyst at the global investment platform eToro, stated, "A rate cut seems almost certain, but the market will be more sensitive to the Fed’s economic outlook and remarks from Jerome Hayden Powell, the Fed Chair." He added, "Investors favoring risk assets are hoping the Fed will pave the way for a year-end rally."
The Crypto Fear and Greed Index provided by CoinMarketCap registered 30 on this day, indicating a state of 'fear.' The index ranges from 0 to 100, with values closer to 0 signifying 'extreme fear' and those near 100 representing 'extreme greed.'
At the same time, Ethereum was trading at $3,306, up 6.07% from the previous day. Ripple was up 1.09%, trading at $2.09.

yimsh0214@fnnews.com Im Sang-hyuk Reporter