🚨 Crypto Market Update – Last 15 Hours Recap
Here's a quick breakdown of the most significant developments in the crypto world over the past 15 hours:
1. Bitcoin Nears $100K Amid Market Optimism
Bitcoin ($BTC ) is trading just below the $100,000 mark, currently at $99,352, with a 24-hour high of $99,835. This surge is attributed to increased institutional interest and positive market sentiment.
2. Ethereum's Pectra Upgrade Goes Live
#Ethereum developers have activated the network’s Pectra upgrade, introducing smart accounts and other features. This development has contributed to Ethereum's price increase, currently trading at $1,907.66.
3. Altcoin Market Shows Strong Performance
Several altcoins have demonstrated significant gains:
$XRP : Up to $2.19, reflecting a 1.86% increase.
#BNB : Trading at $610.21, up by 1.32%.
Cardano ($ADA ): Currently at $0.705853, marking a 3.94% rise.
#Dogecoin (DOGE): Increased to $0.181684, a 5.47% gain.
#Solana (SOL): Now at $151.51, up by 3.77%.
4. Institutional Inflows Boost Crypto Market
Digital asset investment products recorded $2 billion in inflows last week, bringing year-to-date totals to $5.6 billion. Bitcoin accounted for the most inflows, attracting $1.8 billion during this period.
5. Robinhood Plans Blockchain for Tokenized Securities in Europe
Robinhood is planning a new blockchain for tokenized securities offering in Europe, aiming to expand its crypto services.
6. Federal Reserve Holds Rates Steady
The Federal Reserve has decided to keep interest rates unchanged, citing risks of higher unemployment and inflation. This decision has been met with positive reactions in the crypto market, as lower interest rates often lead to increased investment in digital assets.
These developments indicate a bullish trend in the crypto market, with major cryptocurrencies showing strong performance and institutional interest continuing to grow.
