Bitcoin's price climbed above $77,500, marking a notable recovery in the cryptocurrency market as the probability of a Federal Reserve interest rate hike dropped to 62%, according to CoinDesk. This shift in market expectations has spurred renewed buying interest across major digital assets.
XRP outperformed other leading cryptocurrencies during this rally, taking the lead among the majors as investors reacted to the easing outlook on U.S. monetary policy. The decline in rate hike odds has generally boosted risk appetite in crypto markets.
For Japanese investors, this movement reflects the broader global sentiment influencing FX and equities, where softer U.S. rate expectations often translate into increased demand for higher-yielding and riskier assets, including cryptocurrencies.