Bitcoin rallies to $63,500 for the first time in nearly a month, likely in response to the Federal Reserve’s 50 bps rate cut on Wednesday.
Ethereum eyes return above $2,500, gains nearly 3% on day. XRP holds steady above $0.5870, climbing slightly. Bitcoin , Ethereum and XRP updates Bitcoin trades at $63,118 at the time of writing. The largest cryptocurrency by market capitalization reached a high of $63,500 early on Thursday. Bitcoin has gained nearly 7% since Monday’s open of $59,132 this week. Ethereum hovers around $2,500, gains nearly 3% on the day.
Industry updates TokenTerminal data shows 80% senders of the stablecoin Tether are on the Tron chain. For crypto traders, this means that Tron is onboarding a large volume of new users to cryptocurrency markets or Tether is driving adoption of Tron among traders. Tether has an emerging markets focus 80% of USDT senders are on @trondao. pic.twitter.
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