Crypto Market Update: BTC Soars to $76,940, ETH Eyes $3,000 Mark

Summary

Bitcoin reached a record-breaking high of $76,940, buoyed by a surge in trading activity and increased demand following the Federal Reserve's recent 25-basis-point rate cut. This milestone reflects Bitcoin's continued ascent in the global market, as it solidifies its place as the ninth-largest asset worldwide, with a market cap around $1.5 trillion. Meanwhile, Ethereum nears the $3,000 mark, marking a 2.54% increase in the last 24 hours and solidifying its position as the second-largest cryptocurrency.

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