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Bitcoin and Ethereum Reach Two-Week Highs on Rate Cut Bets
Bitcoin hit $93,400 and Ethereum crossed $3,200, fueled by Fed rate cut expectations and increased liquidity.
Bitcoin surged to $93,400, while Ethereum crossed $3,200, reaching two-week highs amidst expectations of a Fed rate cut. Both cryptocurrencies saw impressive 24 hour gains, with Bitcoin up 0.49% and Ethereum 5.06%. This rally is supported by rising ETF inflows and increased liquidity, as risk assets like crypto benefit from potential easing in U.S. monetary policy.