Cryptocurrency markets have responded bullishly to news that Federal Reserve official Chris Waller suggested that rate cuts may be coming in the near future. Solana's SOL tokens led the gains as the CoinDesk Market Index rose 2.5%. Bitcoin (BTC) broke the $38,000 mark for the first time, while Avalanche's AVAX, Cardano's ADA, and Tron's TRX all saw significant rises. Global bank Standard Chartered reiterated its forecast that BTC may reach $100,000 by 2024 if approval of several spot bitcoin ETFs comes sooner than expected. Increased confidence in this prediction may provide a strong catalyst for an uptrend. In addition to the rate cuts and news of potential ETF approvals, these gains may also be a sign of increased investor optimism in the cryptocurrency sector.



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