The post Bitcoin Holds Below $75K Before Expected U.S. Rate Cut appeared on BitcoinEthereumNews.com.

Ether is over 7% higher in the last 24 hours, outperforming the broader digital asset market, which has risen by 2.7%, as measured by the CoinDesk 20 Index. ETH crossed $2,800 for the first time since early August, breaking out of the $2,300-$2,600 range that has persisted even while other coins were rallying. President-elect Trump’s victory may be stirring hopes of a “DeFi Renaissance” and with it a breakout in the price of ether. “DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making from Republican admin and Senate,” wrote Arthur Cheong, co-founder at DeFiance Capital, in an X post. Source: https://www.coindesk.com/markets/2024/11/07/first-mover-americas-bitcoin-holds-below-75k-before-expected-us-rate-cut/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ November 7, 2024 1:23 pm