Will the trend break for Bitcoin come now?

The crypto market is showing strength for the second day in a row. Bitcoin and co. are making decent gains. Is this the long-awaited breakthrough?

Is this the long-awaited breakthrough for Bitcoin and co.? After the interest rate cut by the U.S. central bank, the Fed, the crypto market is on the rise.

Thus, the total market value rose 3.17% to $2.21 trillion in the past 24 hours.
Among the ten most valuable cryptocurrencies, Solana and Ethereum in particular are doing well. SOL is quoted at $ 149 at the time of writing, ETH at $ 2,544 - up 7.7% and 5.7% respectively on a daily basis.

Bitcoin rose 3.3% during this period. BTC even broke through the $64,000 mark in the interim, but is trading slightly lower at $63,700 at the time of writing.

The three biggest price winners among the 100 most valuable coins are: Immutable (14.35%), Bittensor (12.1%) and dogwifhat (11.1%).

More liquidity is also flowing back into Bitcoin and Ethereum Spot ETFs. This is evident from details of Farside.

After months of sideways movement, the market mood seems to be slowly turning around. For example, the Fear and Greed Index managed to move out of the "fear zone" in recent days and currently stands at 54 points.

Thanks to the US interest rate turnaround, experts now see a reversal.

For example, Bitpanda CEO Eric Demuth said, "The rate cut indicates that we are on the threshold of a new phase in the global economy. An interest rate cut of 50 basis points is an important step to stimulate the markets."