#CryptoRally Bitcoin (BTC) is hovering around 116,800 USD, with an intraday peak of 117,327 USD.
• Ethereum (ETH) is standing at 4,790 USD, reaching an intraday high of 4,843 USD.
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What is driving the rally?
1. Accommodative monetary policies
The Fed Chairman, Jerome Powell, has suggested the possibility of a rate cut as early as next month. This has restored confidence among investors, leading to a rally in cryptocurrencies and related stocks.$BTC
• Ethereum (ETH) is standing at 4,790 USD, reaching an intraday high of 4,843 USD.
⸻
What is driving the rally?
1. Accommodative monetary policies
The Fed Chairman, Jerome Powell, has suggested the possibility of a rate cut as early as next month. This has restored confidence among investors, leading to a rally in cryptocurrencies and related stocks.$BTC