Bitcoin reached over $109,600, marking its highest price in three weeks, while Ethereum saw an increase of nearly 8% to above $2,590, and Dogecoin surged over 8% as well, gaining ground at $0.171. Investor sentiment improved amid expectations of a potential Fed interest rate cut, and the positive momentum was felt across the crypto markets. Zach Pandl from Grayscale noted that altcoins are driving the current market surge, with increasing regulatory clarity attracting more capital and users to the crypto sector. The recent approval of crypto exchange-traded products also boosted investor confidence. The overall gains from Bitcoin, Ethereum, and Dogecoin reflect a broader optimistic market outlook amidst ongoing economic uncertainties. Meanwhile, Ripple announced its filing for a national bank charter, showcasing developments in the crypto banking sector. Overall, this market rally indicates potential upward trends for various tokens in the latter half of the year.

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