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Leading cryptocurrencies jumped on Thursday after a dovish shift in the Federal Reserve's rate outlook lifted risk appetite. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:18 p.m.

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Matthew Sigel, VanEck's head of digital assets research, explained why Bitcoin could be set for excellent returns in a recent interview. Although Democrats are expected to win midterms, Sigel says that isn't bearish for Bitcoin.

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Read the latest update on XRP Ledger AMM Amendment Reaches 80% Validator Consensus.

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Bitcoin has broken above US$81,000 in a sharp risk-on rally as falling US Treasury yields, a weaker dollar and easing expectations for another Federal Reserve interest rate hike brought buyers back into cryptocurrency markets. The world's largest cryptocurrency was trading around US$81,026, up about 4.7%, after reaching its highest level since mid-May.