Bitcoin has reached a new all-time high, trading at $76,600 after Donald Trump's election victory and anticipation of a 0.25% interest rate cut by the Federal Reserve. In the last 24 hours, Bitcoin's price rose by 2.3%. Ethereum's ether, however, saw a more significant increase, rising 8% to nearly $2,870, breaking a range that had persisted between $2,800 and $2,300. The total cryptocurrency market, represented by an index of the top 20 cryptocurrencies, increased by 4.3%. Other notable performers included Cardano with a 10.4% rise and Solana, which edged up 5% to $195. Investors are keenly observing the upcoming Federal Open Market Committee meeting as it could lead to market fluctuations. Analysts express optimism, suggesting that the crypto market might experience a resurgence, especially in decentralized finance, with Ethereum playing a critical role. Overall, the market outlook for the closing of 2024 and into 2025 appears strong.

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