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@truthsocial

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The Ethereum blockchain's native token, ether (ETH), a yield-bearing coin that has fallen out of investor favor, could surge Thursday if the Federal Reserve delivers an interest-rate reduction, as expected. Ether, the second-largest cryptocurrency by market value, has risen 23% this year, a meager gain compared with the 77% surge in bitcoin (BTC), the largest. At $2,800, the ether price is well below its 2021 peak of $4,868. Bitcoin, meantime, is trading around $74,000, close to the record high hit on Wednesday as Donald Trump neared U.S. election victory.

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A closely followed crypto analyst is warning that Bitcoin (BTC) is not cleared for takeoff despite rallying above $68,000. Crypto strategist Justin Bennett tells his 133,400 followers on the social media platform X that Bitcoin is flashing mixed signals as BTC threatens to surge to new all-time highs. While BTC’s price is rising, Bennett warns that the rally may not be sustainable as it is being fueled by speculators amid weak spot market volume.

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