Broader Crypto Market Rally
The overall crypto market surged over 3% to $3.32 trillion, driven by several factors. Bitcoin rose 3% to around $95,000-$96,000, while Ethereum jumped 5% to $3,300
. The rally was fueled by:
Lower inflation data: December's CPI showed 2.7% annual inflation, improving liquidity conditions
Fed uncertainty: A Justice Department probe into Fed Chair Jerome Powell weakened the dollar, boosting crypto as a hedge asset
Bitcoin ETF inflows: Reached a 3-month high, pushing BTC near the $98K level
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ETH
2,020.71
-0.88%
BTC
69,175.41
-0.70%