Bitcoin briefly topped $94,000 following Strategy’s largest investment since July, but investor risk appetite remained muted even after the widely expected US interest rate cut.
Cryptocurrency markets saw another week of downside, as investors eagerly anticipated the year’s last Federal Open Market Committee (FOMC) meeting.
Bitcoin (BTC) rose to a weekly high of $94,330 on Tuesday as investor morale was bolstered by Strategy’s $962 million Bitcoin acquisition, the company’s largest investment since July 2025.
On Wednesday, the US Federal Reserve delivered a widely anticipated 25-basis-point interest rate cut. Crypto markets saw a temporary bounce, as lower rates and cheaper borrowing costs typically increase risk appetite and capital entering risk assets such as crypto.
