BTC and ETH Tease a New High

The global crypto market cap has increased by 3.24%, hovering around $2.09 trillion with an FGI of 38 points. It appears that Donald Trump, the former US President, is benefiting from his decision to refrain from disclosing information regarding his new crypto venture. Additionally, it is speculated that the Federal Reserve’s forthcoming meeting will include a variety of topics to suit all interests. Investors may not be satisfied with the decision that is implemented; however, it is the harsh reality they will be compelled to endure for an extended period. The ongoing correction phase is now paving the way for a rebound – unless investors decide to take unpopular calls.

BTC and ETH are Up

Bitcoin tokens have gained 4.16% in the last 24 hours. They are now exchanging hands at $60,535.02. One of the most eagerly anticipated milestones in the Bitcoin ecosystem was the $60k milestone. The flagship cryptocurrency is poised to bank at over $90,000 by the end of 2024. The projections are reinforced by upticks like this. They further strengthen their near-term projections, including surpassing $80k in the next 30 days.

Source: CoinMarketCap

Ethereum tokens are up by 2.11%. Ether holders are amused, but they are not satisfied, as they anticipate that ETH will surpass BTC on a daily basis. It is comprehensible; however, that trajectory is a far-stretched dream. It could eventually happen in the times to come. The concern for now remains to sustain positive flows into Spot Ether ETFs. September 17, 2024, was the second consecutive day of outflows led by Grayscale’s ETHE.

Meme Coins do the Obvious

In the last 24 hours, DOGE and SHIB have surged by 1.375 and 1.19%, respectively, in the same order. Their token values are $0.1013 and $0.00001337, respectively. The goal is to emerge as the most preferable altcoin segment. The surge in Trump-themed tokens largely drives Meme Coins’ popularity. This surge coincides with the second assassination attempt on Trump and also after his interview on X.

Donald Trump mentioned World Liberty Financial, but he didn’t provide many specific details. It is widely recognized that it will function as a cryptocurrency platform. In the same interview, he also expressed his support for the crypto community, saying that it was one of the things they needed to do, perhaps embracing the magnitude of the notion and establishing the United States as a worldwide crypto hub.

Other Gainers and Losers

Despite the expectation that the US Securities & Exchange Commission may not file an appeal against the verdict, XRP is down 0.75%. There is also anticipation that issuers will soon launch their ETF, subject to approval, making it the next crypto ETF in the market after Ether ETFs. Ripple’s native token is trading at $0.5802. One possibility is that Ripple’s co-founder’s support for Kamala Harris has backfired.

BONK is notably up by 2.985 in a single day for a value of $0.00001667. PEPE is on the verge of becoming the most profitable meme coin again. During the same time frame, the frog-themed token has surged by 1.92% and is currently floating at $0.000007354. In the last 24 hours, WIF and FLOKI have also soared by 2% and 2.46%, respectively.

Conclusion

Bitcoin and Ethereum tokens are teasing a new high. This is good for the market, as they have surpassed a crucial milestone. Meme Coins are following the trail. All eyes are on the Federal Reserve, as well as details about World Liberty Financial (WLF).

Disclaimer: Values were true at the time this article was written. This content is not investment advice.