Crypto Market Surges Amidst Optimism and Record Highs
TL;DR Summary
Glassnode co-founders predict Bitcoin will reach new all-time highs if the US Dollar Index (DXY) declines due to the Federal Reserve's rate-cutting and quantitative easing. A weaker DXY typically leads investors to favor risk assets like Bitcoin. Currently, Bitcoin is trading at $89,200, slightly below its all-time high. Meanwhile, Ethereum shows market strength despite a decline against Bitcoin, with its market cap remaining relatively stable.
- Bitcoin To Hit New All-Time High With Ease, Predicts Glassnode Co-Founders – Here’s Why The Daily Hodl
- Bitcoin touches record high above $93,000 on optimism around Trump's pro-crypto promises Yahoo Finance
- Global crypto market tops $3 trillion on hopes of Trump-fuelled boom Reuters
- Why Dogecoin Now Has a Larger Market Cap Than Ford, Delta, and General Mills Investopedia
- How to use crypto for justice, equality issues Salon
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
86%
476 → 65 words
Want the full story? Read the original article
Read on The Daily Hodl