"Crypto Rally: Bitcoin and Ether Surge as NYC Celebrates All-Time Highs"
Bitcoin and Ether started the week in the green as the global easing cycle began, with the Swiss National Bank cutting rates. The market reacted positively to BlackRock's move into asset tokenization and the central bank easing cycle. Bitcoin traded at $67,300, up 4.9%, and Ether traded 4.7% higher above $3,400. The CoinDesk 20 was up around 5%. Short positions in Bitcoin and Ether saw significant losses, with over $100 million in leveraged futures positions liquidated in the last 24 hours. The onset of the global easing cycle and slowing selling pressure from the Grayscale Bitcoin Trust contributed to the bullish market sentiment.