Bitcoin surpassed 115,200 dollars, markets are waiting for the Fed.

Bitcoin has reached a striking increase, climbing to $115,200. Ethereum, on the other hand, rose to $4,160. This increase occurred in line with the expected decisions of the Federal Reserve to lower interest rates on Wednesday.

The 30-day expected volatility of Bitcoin has dropped to 44%, indicating a decrease in market anxiety. However, the options data for long-term contracts exhibits a trend that is neutral to bearish.

Meanwhile, older cryptocurrencies like ZCash (ZEC), Bitcoin Cash (BCH), and DASH have gained double-digit profits, while newer coins like Plasma (XPL) and Aster (ASTER) have experienced losses. This situation reflects a decline in market excitement and trading volumes.