New Delhi, Dec. 10 -- Bitcoin (BTC-USD) surged to around $94,000 on Tuesday; however, it turned cautious about a potential year-end crypto rally as expectations grew that the Federal Reserve would cut interest rates this week while hinting at a slowdown in future easing.

Markets broadly anticipate a 25 basis point rate cut when the Fed concludes its two-day meeting on Wednesday. However, data from CME FedWatch and Polymarket suggest rising wagers that Chair Jerome Powell's comments may indicate a pause in January, as policymakers work to balance inflation control with signs of a softening job market.

"The crypto market is attempting to stabilise as Bitcoin trades near $92,000 after briefly climbing to $94,000 earlier today. Selling pres...