The Fed's decision to cut rates has catalyzed substantial inflows into Bitcoin and Ethereum ETFs, signaling growing confidence in these digital assets. Market observers are closely watching these events as potential triggers for further market rallies.
Donald Trump's victory in the US presidential elections is noteworthy for the crypto industry. A pro-crypto administration is expected to bolster support for favorable legislation, such as the Bitcoin Act. This optimism is fueling expectations of a new bull run in the cryptocurrency market.
Bitcoin has already hit a new all-time high (ATH), which reflects this positive sentiment. Market participants anticipate the continuation of this upward trend, driven by economic policies and political support for cryptocurrencies.
