The crypto market is on fire today,🔥 and there are several reasons contributing to this surge. Here are some key factors:⚡🚀

🚀Bitcoin's New Highs : Bitcoin has reached an all-time high of $116,819, with some reports indicating it has even surpassed $118,000. This surge is driven by strong institutional demand, supportive US policy signals, and global developments.

Institutional Inflows : Continued institutional inflows into spot crypto ETFs have boosted the market. Major financial firms and ETFs are pouring capital into Bitcoin, increasing its legitimacy and liquidity.

US Monetary Policy : Expectations of a Federal Reserve rate cut and a weakening US dollar have made Bitcoin more attractive as a hedge. This has contributed to the market's upward momentum.

Political Support: The Trump administration's pro-crypto stance has added fresh confidence to the market, driving investor enthusiasm.

Altcoin Performance : Altcoins like Ethereum, Solana, XRP, and Dogecoin are also rallying, supported by broader market optimism and increased trading volumes. Ethereum, in particular, has surged past $3,000, driven by DeFi growth and staking surge.

Market Sentiment: The overall market sentiment remains bullish, with traders expecting continued price appreciation. The concentration of open interest in Bitcoin call options at $115,000 and $120,000 strike prices reflects this bullish sentiment.

Some notable cryptocurrency prices and their 24-hour changes are ¹ ² ³:

Bitcoin (BTC) : $116,341, +4.6% to $118,066, +6.42%

Ethereum (ETH) : $2,915, +5.9% to $3,008.87, +8.31%

Solana (SOL) : $151.58, +4%

XRP*: $2.16, +5%

Dogecoin (DOGE)*: $1.707, +1.76%

The total crypto market capitalization has also seen a significant boost, rising to $3.42 trillion and $3.64 trillion in recent reports . #INDIANstock