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The recent resurgence in the cryptocurrency market, exemplified by the rising prices of Bitcoin (BTC), Ethereum (ETH), Toncoin (TON), and other digital assets, indicates renewed investor confidence. Notably, Bitcoin achieved its highest point this month today, breaking a four-week decline streak and maintaining positive momentum for the past seven days. In terms of performance, increased to $26,560 at the time of writing, with its 24-hour trading volume decreasing to $6.56. Over the last seven days, Bitcoin’s price rose by around 3%, reaching an intraday peak of $26,840.50 in September. , on the other hand, increased to $1,630, accompanied by a drop in trading volume to $2.7. Ethereum’s weekly performance showed a modest 0.6% increase, with an intraday high of $1,652. Toncoin experienced remarkable growth, surging by 6.46% on Saturday to trade at $2.34, with its 24-hour trading volume skyrocketing by around a 100% to $72.4 million. also achieved a remarkable 30% gain within the past week. increased by 0.1% to $0.25 compared to the previous day and is up 1% on the weekly chart. In addition, the market has been influenced by developments such as Hong Kong police initiating an investigation into the JPEX exchange following $4.3 million in complaints. Despite concerns about regulatory challenges, the cryptocurrency market’s recent performance indicates an optimistic sentiment among investors. This sentiment is driven by expectations that the Federal Reserve may temporarily ease its hawkish stance on interest rate hikes despite ongoing concerns about elevated . Meanwhile, the global cryptocurrency increased by 0.96% to reach $1.06 trillion, although trading volume declined by 27.75% to $16.85 billion.
Read more: coinspress
