Bitcoin, Ether, XRP Readying to Rally?

Bitcoin (BTC) continues to build bullish momentum, hoping that financial stability risks and signs of economic slowdown will force the Federal Reserve (Fed) to pivot away from aggressive liquidity withdrawal measures. However, some observers are unconvinced the Fed will abandon or dramatically slow the so-called liquidity tightening anytime soon and expect renewed dollar strength. The top cryptocurrency by market value reached a high of $20,150 soon before press time, registering a 2% gain for the day. The dollar index fell to a nine-day low of 11, having hit a two-decade high of 114.77 on Sept. 28. The long list of celebrities promoting cryptocurrencies just got shorter. Kim Kardashian is being barred from doing so for three years — and will pay a $1 million fine — to settle federal charges that she recommended a crypto security to her 330 million Instagram followers without making clear that she was paid to do so.