Cryptocurrency prices rose on Wednesday, as markets awaited the release of the minutes from the Federal Reserve's July 29-30 meeting to gauge future monetary easing prospects.
Bitcoin rose 0.45% to $113,758 at 12:52 p.m. Mecca time, accounting for approximately 59% of the total cryptocurrency market value.
While Ethereum, the second-largest cryptocurrency by market capitalization, rose 1.7% to $4,220.71, Ripple fell 0.4% to around $2.8912.
According to the FedWatch tool, expectations for a 25 basis point interest rate cut at the September meeting rose to 82.9% from 55.9% a month ago.
The global cryptocurrency market cap stands at $3.84 trillion, with total trading volume over the past 24 hours reaching $185.44 billion, according to CoinMarketCap data.
According to data from El Salvador's Bitcoin Office, the country acquired an additional 30 cryptocurrencies over the past 30 days, bringing its total holdings to 6,274.18 Bitcoin, worth $714 million
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