Overview

• Bitcoin reached an all-time high of $103,679, driven by strong market momentum and institutional interest.
• Ether is approaching $4,000, with analysts predicting potential gains fueled by reduced token supply and heightened on-chain activity.
• The rally follows the U.S. CPI report aligning with expectations, paving the way for a Federal Reserve rate cut next week.
• Institutional participation, including lobbying for a favorable regulatory environment, has bolstered market confidence in crypto assets.
• Spot Bitcoin ETFs, approved earlier this year, and the entry of financial giants like BlackRock and Fidelity have further legitimized cryptocurrency as a financial asset class.