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Crypto Market Surge: Bitcoin and Ethereum Hit New Highs

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by Giorgi Kostiuk

12 hours ago

The crypto market has recently strengthened after downturns caused by geopolitical uncertainties. Stabilizing factors include stable inflation rates and positive comments from the Fed Chair.

Bitcoin and Ethereum Local Highs

Bitcoin surpassed the $87,000 mark, while Ethereum strengthened above $2000. These achievements are instilling new confidence in the markets.

Impact of Ripple (XRP) Case

The withdrawal of the SEC lawsuit against Ripple positively impacted the markets. The XRP price reached $2.59, which could lead to the creation of an ETF, potentially attracting significant volumes.

Current Trends and Altcoin Prospects

Many altcoins like Mantra (OM), Story (IP), and Tron (TRX) are showing steady growth and proximity to their all-time highs. These coins may soon reach new heights.

The crypto market continues to show rapid growth, filling gaps caused by previous uncertainties. Investors are eagerly awaiting further developments.

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