Bitcoin Soars Above $76K as Fed Rate Cut and Trump's Crypto-Friendly Stance Stir Market Buzz

Bitcoin Briefly Trades Above $76K Again Ahead Of Fed Rate Cut

According to Investopedia, Bitcoin reached a new all-time high of over $76,000 as investors anticipated the U.S. Federal Reserve's decision on interest rate cuts. The value surge was attributed to optimism surrounding recent election results and expectations for more crypto-friendly regulations under Donald Trump's presidency. Spot bitcoin ETFs experienced significant inflows of $621.9 million shortly after the election outcome was confirmed.

Will Trump’s Return Fuel a Crypto Market Surge? Here’s What Experts Say

IBS Intelligence reports renewed enthusiasm in the cryptocurrency market with Donald Trump's return to office, notably due to his pro-crypto stance which could herald favorable regulatory changes. Industry experts like Dilip Chenoy from Bharat Web3 Association suggest this milestone marks a step towards mainstream acceptance and balanced regulation of digital assets.

Crypto Market Stays In The Green After 25bps Fed Cut

The broader cryptocurrency market maintained positive momentum following the Federal Reserve's announcement of a 25 basis point cut in funding rates, as reported by crypto.news. This follows earlier measures of monetary easing, despite minor fluctuations during trading sessions surrounding these announcements.

Coinbase’s cbBTC Crosses $1 Billion Market Cap, Deploys on Solana

Per a report by Unchained, Coinbase's wrapped bitcoin product (cbBTC) surpassed a billion-dollar valuation before its deployment onto the Solana blockchain network. This significant development integrates liquidity aggregation efforts, targeting institutional traders seeking exposure via decentralized finance ecosystems now increasingly popular among retail users.

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