$ETH and
$DOGE Lead Altcoin Rally as Bitcoin Hits 3-Week High
$DOGE and
$ETH spearheaded a crypto surge, with
$DOGE rising over 8% to $0.171 and
$ETH gaining nearly 8% to $2,590.
$BTC reached $110,500, its highest price in three weeks, coming within 2% of its all-time high of $111,814 set in May.
The market rally coincided with increasing optimism about Federal Reserve interest rate cuts following dovish central bank remarks.
Grayscale's head of research noted that #altcoins are leading the market higher while
$BTC takes a passenger seat role.
Recent crypto exchange-traded product approvals may be raising investor confidence in traditional finance capital flowing into altcoins.
#Ripple confirmed it is filing an application with the OCC to obtain a national bank charter, adding to #regulatory clarity momentum.
Net flows to spot
$BTC #ETFs turned negative Tuesday, breaking a 15-day streak despite broader market optimism.
