Market Update 25th September 2024
By Manoj Dharra
Bitcoin has surged to $64,000, currently trading at $63,345 following a notable 2% increase over the past 24 hours. Recent developments indicate that this growth is taking place as markets brace for global monetary easing, particularly with movements in China. Additionally, Ethereum has experienced a surge of 3.64% to $2,670 due to inflows into Ethereum ETFs.
The market will now focus on the $58 billion Bitcoin options expiration on September 27, and we expect it to generate significant volatility. Altcoins such as Solana and Cardano, on the other hand, had some growth but are now correcting.
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