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Image Credit: Bitcoinist

Here’s Why The Bitcoin And Ethereum Prices Are Surging Today

  • Bitcoin and Ethereum prices surged after US President Donald Trump called for an aggressive rate cut, leading to a bullish sentiment in the cryptocurrency market.
  • Following Trump's statement, Bitcoin hit a new all-time high of over $112,000, breaking its previous peak and signaling a significant shift in market dynamics.
  • Trump's influence on market sentiment, despite not making an official policy move, has been growing, potentially hinting at future monetary easing and impacting various cryptocurrencies.
  • Ethereum also saw a 5% surge to $2,746, with a 6.43% gain in a day, following the positive momentum from Bitcoin's rally, indicating a renewed investor interest in altcoins.

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