Bitcoin jumped Tuesday ahead of the Federal Reserve’s key rate decision on Wednesday, as traders expect the central bank policymakers to deliver the first interest-rate cut in four years.

Bitcoin (BTC-USD) climbed to its highest level in three weeks in Tuesday late morning trading, driving a notable uptick in stocks linked to the cryptocurrency sector. Following what was a quiet start to the week,

Bitcoin and S&P500 see gains following a 0.25% Fed rate cut, marking a major move after four years, impacting both crypto and stock markets.

Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency sector and related stocks.

Since bitcoin peaked at nearly $74,000 in March, the apex token has been unable to regain its momentum. Seasonal factors weakened the spot bitcoin ETF inflows this summer while deteriorating macro conditions drove investors toward safe, risk-off assets.

Many stocks in the orbit of leading cryptocurrency Bitcoin (CRYPTO: BTC) plunged in August. Here are a few prominent examples, according to data from S&P Global Market Intelligence: Bitcoin price data by YCharts.

Bitcoin remains stable around $58,480 with slight movements in other cryptocurrencies like XRP, SUI, and FTM.The market anticipates the Federal Reserve's potential interest rate cut on September 18, which is expected to influence risk assets positively,

MicroStrategy’s announcement Monday of a sale of convertible notes to purchase more Bitcoin is adding to optimism, Tang said. Bitcoin has been trading within a relatively narrow range since setting a record high of almost $74 000 in March.

U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year.