The cryptocurrency market opened the day with green across the board, marking a strong comeback after a week of deep correction. Bitcoin rebounded above $90,000, strengthening market sentiment after a recent slump. Ether also surpassed $3,000, while most prominent altcoins recovered. The total market Capital recorded an increase of 2.7%, reaching about $3,173 billion - a figure that shows that money has started to return after several gloomy trading sessions.
The rally comes as the prospects for a rate cut by the US Federal Reserve become brighter. After the Beige Book report was released early this morning, data showed that the US labor market showed signs of cooling, employment fell slightly while price increases remained under control. These factors made expectations for a rate cut by the Fed in December stronger, with the probability estimated at about 85% by the CME FedWatch tool. This expectation has created a strong push for risky assets, including the crypto market.
Meanwhile, another notable development came from the banking policy sector: the draft adjustment to reduce the supplementary leverage ratio (eSLR) requirement for the largest group of banks in the US (G-SIBs) was officially scheduled to take effect on April 1, 2026. This is a far-reaching change because the Capital has long been a barrier forcing banks to hold large amounts of reserve assets, including cash.
