Cryptocurrency prices rose on Monday following the Federal Reserve's interest rate cut last week, amid expectations of further monetary easing next year.
Bitcoin climbed 1.25% to $89,770, accounting for approximately 58.6% of the total cryptocurrency market capitalization.
Ethereum, the second-largest cryptocurrency by market capitalization, also rose 1.25% to $3,128.13, while Ripple gained about 0.3% to $1.9934.
The global cryptocurrency market capitalization stands at $3.06 trillion, with total trading volume over the past 24 hours reaching $93.48 billion, according to CoinMarketCap data.
Bernstein raised its 2026 Bitcoin price forecast to $150,000, predicting it will peak in the current market cycle in 2027 at around $200,000, with a long-term target of $1 million per Bitcoin by 2033.
