Bitcoin (BTC is trading around $106,687, reflecting a gain of about 1.3% on strong bullish momentum. The intraday range has been between $104,854 and $106,703.
Ethereum (ETH) is currently at $2,448, up roughly 1.8% for the day. Its price has floated between $2,386 and $2,474 intraday.
📈 Key Drivers:
The US Federal Reserve’s dovish stance and hints of future rate cuts have buoyed crypto markets, supporting broader risk-on sentiment .
According to FXStreet, Bitcoin has extended gains (~5% over two days), and Ethereum is approaching a key resistance near $2,461, which may signal another breakout if overcome .
🔔 Other Highlights:
Market sentiment is also being influenced by geopolitical developments, notably easing tensions between Iran and Israel, which have helped stabilize investor confidence .
Altcoins and memecoins have rallied alongside BTC and ETH, as institutions rotate portfolios .
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🧭 Summary:
Today’s crypto landscape is upbeat — Bitcoin consolidating above $106k, and Ethereum nearing resistance around $2.46k. Watch for potential breakout if broader bullish conditions persist. Keep an eye on Fed updates and geopolitical headlines—they’re key drivers behind this momentum.
