Major cryptocurrencies surged on Tuesday evening, marking the first significant rally since early April 2022. This surge was bolstered by the declining interest rates and a growing anticipation for a spot Bitcoin exchange-traded fund in the U.S. What Happened: BTC experienced a significant rise today, starting below $42,000 and reaching a session high of $44,400. Although it has slightly decreased from those gains and currently stands around $43,800, it still reflects a surge of almost 5% within the past 24 hours. Data from Glassnode reveals that a significant amount of leveraged derivatives t…

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