The increasing institutional interest and the expectations of rate cuts in the US motorize the appetite for cryptocurrency investments.
The cryptocurrencies begin on Wednesday with generalized risesproduct of the expectations of low rates in the US and, as a consequence, the renewed interest in risk assets. In this way, the crypto market accumulates a total rise of 3% in the last 24 hours, according to Coingecko.
Disaggregated by assets, the most important of all, Bitcoinrises 1.1%, to US $120,556, according to Binance. For its part, Ethereum (eth)the main altcoin of the market, Salta 6.6% au $ 4,713 and in the week it shows a growth of 30%.
Meanwhile, the rest of the Altcoins accompanies that trend: Solarium rises 13.9%; Cardano11%; Dogecoin9%; BNB5.1%; Tron3.3% and XRP2.7%.
Ethereum’s bullish streak
ETH is at the gates of overcoming its historical maximum of US $ 4,891, reached in November 2021. Its good performance is explained, in part, by the institutional and corporate fever that is for the asset, which toCutually has 3.5 million Ethereum coins, according to Strategic Eth Reserve.
On the other hand, the Bolsa -listed funds (ETF) of Ethereum in the United States are showing great performance. From its departure to the market, in July 2024, ETHE ETFs accumulate net tickets for more than US $ 11,000 million.
Source: Ambito
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