Crypto Market Hits 16-Month High as Altcoins Rally; Stocks Surge Ahead of Powell Speech
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Crypto market capitalization exceeded $1.3 trillion, reaching 16-month high due to altcoin rally. Bitcoin traded mixed while Ethereum was down slightly.
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Solana, Trust Wallet token, and Cronos were among the top gaining cryptos in 24 hrs.
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S&P 500 and Nasdaq extended rally, boosted by positive sentiment. Market awaits Fed Chair Powell's commentary.
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Analysts predict brief Ethereum correction before surge to $2,400. BlackRock's Bitcoin spot ETF could push BTC over $100k "instantly."
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Upcoming events include Benzinga's Fintech Deal Day & Future of Digital Assets conferences in November.