Crypto stages major rally as Fed rate hopes send Bitcoin to four-month high

Crypto markets rallied sharply as traders priced in more-dovish Fed prospects, driving a broad risk-on move. Bitcoin climbed to a four-month high, briefly topping roughly $81,000, while altcoins such as HYPE and ZEC posted new all-time highs. The consensus implication is that Bitcoin’s near-term upside is being driven by changing rate expectations, increasing sensitivity to Fed guidance and macro data and leaving the rally vulnerable to any hawkish surprises.