Cryptocurrency prices rose during Friday trading as markets assessed the outlook for future US monetary policy.
Bitcoin rose 0.5% to $115,000, after touching $116,357, capturing approximately 57.2% of the total cryptocurrency market value.
Ethereum, the second-largest cryptocurrency by market capitalization, rose 2.35% to $4,527.90, while Ripple added 1.3% to $3.0512.
The global cryptocurrency market cap stands at $4 trillion, with total trading volume over the past 24 hours reaching $166.85 billion, according to CoinMarketCap data.
According to data from El Salvador's Bitcoin Office, the country has purchased 27 units of the cryptocurrency in the past seven days, bringing its total holdings to 6,317.18 Bitcoin, worth more than $726 million.
According to the FedWatch tool, expectations for a 25 basis point interest rate cut at the Fed's September 16-17 meeting rose to 92.5% from 89% a week ago, with a 7.5% chance of a deeper 50 basis point cut
