Bitcoin (BTC) and Ethereum (ETH) Surge Amid Steady US Interest Rates: A Crypto Market Revival

• Bitcoin and Ethereum have experienced a rebound after a significant dip in their prices.
• The past 24 hours saw another $193 million worth of crypto futures contracts liquidated.
• The current cycle has been largely driven by interest in spot Bitcoin ETFs, with little new retail coming into crypto.

Bitcoin and Ethereum recover from a dip in prices, with the current cycle largely driven by interest in spot Bitcoin ETFs. The past day saw a significant amount of crypto futures contracts liquidated.

Bitcoin and Ethereum Experience Rebound

Bitcoin and Ethereum have rebounded after starting yesterday morning nearly 10% lower than they were on Tuesday. At the time of writing, the Bitcoin price is around $57,700 after having made a 0.5% recovery in the past 24 hours. Ethereum, after climbing 2.3% in the past day, is now trading for just below $3,000, according to CoinGecko data.

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