Bitcoin Reaches $65,000; Ether and Other Altcoins Follow Suit
Bitcoin Surpasses $65,000
In a notable market move, Bitcoin has breached the $65,000 mark for the first time since August, trading at $65,314 on international exchanges. This surge is spurred by a combination of recent interest rate cuts and increasing optimism around spot Bitcoin ETFs. As Shivam Thakral, CEO of BuyUcoin points out, the positive macroeconomic conditions are contributing to this bullish sentiment.
Ether and Other Altcoins Surge
Ether is also experiencing a boost, with a price increase of 0.81 percent, trading at $2,695 on Indian exchanges. Key altcoins such as Solana, Ripple, Cardano, and Shiba Inu are witnessing similar upward trends, reflecting a broader market recovery.
Market Insights
As noted, the total crypto market cap has risen by 3.10 percent in the last day, now valued at $2.3 trillion. Despite some losses for assets like Dogecoin and Tron, market analysts remain hopeful for continued positive movement.
- Key Points:
- Bitcoin at $65,314
- Ether at $2,695
- Market cap at $2.3 trillion
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.