Major crypto tokens were trading higher in Thursday's trade after the US Federal Reserve flagged the end of its tightening cycle and bolstered expectations of a rate cut in March 2024. The Fed acknowledged it is making real progress in easing inflation while maintaining a rate pause and adding that hikes were not the base case anymore. At 11:11 a.m., BTC was trading 4.6% higher at $42,784, while the second most popular token, Ethereum, was up 4.2% at $2,259. At the same time, the global cryptocurrency market cap advanced by 4.4% in the last 24 hours to approximately $1.6 trillion. Other popular altcoins, like Cardano, Solana, Polkadot and Avalanche, rallied 8-17%.
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