Crypto Market Soars: Bitcoin Hits Record $124K, Ethereum Nears All-Time High
- Bitcoin
has reached a new record high of about $124,000, helped by positive
U.S. policies, big investors buying in, and hopes that the Federal Reserve
will cut interest rates soon.
- Ethereum
is also rising fast and is close to its highest price ever, around $4,780.
- Dogecoin
and Ripple (XRP), along with other smaller coins, are also going up
strongly.
- Lower-than-expected
U.S. inflation has made investors more confident, pushing up prices of
risky assets like cryptocurrencies.
- Supportive
government policies and more money coming from large institutions are
helping the rally.
- The
total value of all cryptocurrencies combined is now more than $4.18
trillion.
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