Crypto Market Soars Ahead of Fed's Interest Rate Decision
The crypto market is experiencing a surge ahead of the Federal Reserve's interest rate decision. The FOMC meeting, scheduled for 2:00 p.m. Eastern Time, will be closely watched by traders as they await the Fed's decision on interest rates.
XRP has emerged as one of the biggest gainers among top-ten cryptocurrencies, rising by 3.3% to $1.08. This comes after OSL Digital Securities became the first SFC-licensed platform to offer retail traders access to XRP spot trading.
Uniswap (UNI) is also making significant gains, having risen by 5.50% to trade above $4 for the first time since May 2026. Meanwhile, MSTR stock is up by 1.30% in pre-market trading, with its gains attributed to a Strategy increase of cash reserves to $3.75 billion.
However, geopolitical tensions are also affecting the market, with Russia issuing an international arrest warrant against Telegram's co-founder Paul Durov. This has led to GRAM (previously TON) experiencing a 2.97% drop in price to $1.40.