$BTC and $ETH 🚨Bitcoin stabilizes at $120,000 and Ethereum approaches its historical maximum

The ever-increasing institutional interest and expectations of rate cuts in the US fuel the appetite for cryptocurrency investments.

Cryptocurrencies begin this Wednesday with widespread gains, resulting from the expectations of rate cuts in the US and, consequently, the renewed interest in risk assets. Thus, the crypto market accumulates a total increase of 2.1% in the last 24 hours.

The most important of all, Bitcoin, rises 1.3%, to $121,193, according to Binance. Meanwhile, Ethereum (ETH), the leading altcoin in the market, jumps 4.7% to $4,656 and shows a growth of 28.6% for the week.