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Bitcoin Edges Higher. Traders Hope the Fed Could Give Cryptos a Real Rally.


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and other cryptocurrencies gained Tuesday, rising in line with stocks amid a boost in sentiment for risk-sensitive assets. Traders are awaiting a key interest-rates decision from the Federal Reserve on Wednesday that could see cryptos make a big swing.

The price of Bitcoin has risen less than 1% over the past 24 hours to $20,550. The largest crypto rallied above the key $20,000 level last week, pushing out of the $19,000 to $20,000 range in which it had largely held since early September. Bitcoin is still at less than one-third its all-time high from a year ago, and has yet to push anywhere close to the $30,000 level—where it stood before a dramatic June selloff.

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