Bitcoin & Ethereum Rally as Rate-Cut Hopes Spark Risk-On Mood

Bitcoin jumped to around $93,400, and Ethereum surged past $3,200, as expectations of a U.S. Federal Reserve rate cut revived risk appetite across markets. Crypto broadly followed stocks higher.

The rally shows that macro sentiment still drives crypto — when interest-rate expectations shift, BTC/ETH may react strongly. However, for a sustained rebound, we need more than just momentum: demand, volume, and structural signals must improve.

Grayscale Investments Launches First U.S. Spot ETF for Chainlink (LINK), Draws Early Inflows

Grayscale’s new LINK spot ETF recorded roughly $41 million of inflows on day one, sending the LINK token higher and injecting optimism into altcoin segments.

This marks growing institutional infrastructure for altcoins — not just BTC/ETH. If demand persists, altcoins could benefit from fresh capital flows. But when macro stays shaky, expect elevated volatility.

Network-Level Catalyst — Ethereum “Fusaka” Upgrade Goes Live

Ethereum’s Fusaka upgrade deployed PeerDAS improvements, enhancing layer-2 scalability and overall network efficiency — a long-term technical milestone for ETH.

Technical upgrades can strengthen Ethereum’s fundamentals, boost developer confidence, and support long-term capital inflows. If Fusaka delivers, ETH could regain a competitive edge versus other smart-contract platforms.

Market Still Fragile — Overall Liquidity & Consensus Remain Cautious

Despite the bounce, trading-volume data and market-breadth metrics (fear/greed indexes, altcoin-token flows) show that demand is still thin. Many investors remain sidelined, watching macro trends rather than jumping in.

Without deeper liquidity and consistent demand, any bounce risks being temporary. Volatility remains high — this could be a relief rally, not a full reversal. Risk-management and patience are still key.