Why Crypto Market Is Up Today: Fed Rate Cut and CPI Data Fuel Optimism
The global cryptocurrency market surged 0.48% in the past 24 hours, pushing its total capitalization to $3.76 trillion. This upward momentum stems from growing macroeconomic optimism, fueled by expectations of Federal Reserve rate cuts and favorable CPI data.
Market participants are positioning for increased liquidity, while political developments add another LAYER of bullish sentiment. The rally reflects a broader risk-on appetite as traders anticipate looser monetary policy.