BTC touched another all time high of $76.8k as bulls continue to dominate the crypto market on expectations of crypto-friendly policies from the Trump administration.
Ether (ETH), the world’s second largest crypto by market cap, too showed some strength as it hit its highest price in more than three months. $3,000 could be a major resistance for Ethereum to cross, post which $4,000 will be the next target for bulls. Solana crossed the $200 mark as well briefly for the first time after April 2024, which was preceded by its strong on-chain activity in the recent months. Solana has been the primary blockchain to trade memecoins recently.
Late last night, the US Federal Reserve announced a rate cut of 25 basis points as the market expected, with Bitcoin ticking higher after the decision was announced.
