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Ether, Silver in the Spotlight: Crypto Daybook Americas
Source: CryptoNewsNet Original Title: Ether, Silver in the Spotlight: Crypto Daybook Americas Original Link: The largest cross pair by market value, ETH priced in BTC, has shown strong performance and today touched 0.036, the highest level since Oct. 27.
The ADA/BTC pair also advanced, reaching its strongest level since Nov. 20. BTC dropped back after briefly popping to $94,500 late Tuesday. ETH, ADA and privacy coins XMR and ZEC all jumped more than 7% in 24 hours, while SOL, DOGE, XLM, LINK and HYPE rose around 2%.
The cross pairs could extend gains if interest rate cuts materialize and dovish monetary policy signals emerge, reviving hopes of more rate reductions. As of now, markets seem to be anticipating a hawkish forward guidance, hence the continued uptick in the 10-year U.S. Treasury yield.