The cryptocurrency market surged to a record $3.73 trillion, with Bitcoin reaching an all-time high of $108,135, as traders anticipated a third consecutive rate cut from the Federal Reserve. Major altcoins like Solana and Litecoin also saw significant gains, driven by increased demand for privacy-focused coins following US sanctions on North Korean entities. As the market remains cautious amid geopolitical tensions, the Altcoin Season Index indicates a shift towards Bitcoin, reflecting a risk-averse sentiment among investors ahead of the Fed's interest rate decision.