Crypto Price Today: BTC Hovers $77K, ETH Tops $2.4K, XRP Surges as S&P 500 Hits ATH, and RAVE Jumps 50%

The global cryptocurrency market has seen a significant surge, rising 2.84% to $2.61 trillion within 24 hours. Bitcoin is trading above $77,004, a 2.53% increase, while Ethereum has surpassed $2,400. The recent rally is attributed to eased geopolitical tensions following a ceasefire and the reopening of the Strait of Hormuz, which minimized risks in the oil sector and inflation fears. This development has led to increased investment in risk assets, including cryptocurrencies. U.S. spot Bitcoin ETFs have recorded cumulative net inflows of $664 million over four days. Ethereum has also seen a surge, hitting a 75-day high of $2,466, driven by steady institutional investments. The S&P 500 has reached an all-time high, rising 4.5% this week, as declining oil prices cooled inflationary fears, creating a favorable environment for equities and digital assets.