Crypto Market Volatility
The crypto market has seen significant upward momentum. Bitcoin surged about 4.11%, climbing from around $68,857 to $69,561, while Ethereum gained roughly 7.54%, reaching near $2,034. The total market cap rose 3.99% to $2.43 trillion, driven by short squeezes and rebounding sentiment. However, this volatility led to massive liquidations—totaling around $287 million, with shorts hit hardest at $248 million, affecting over 98,000 traders.
Key news includes Trump's push for crypto-friendly policies, like advancing the Clarity Act and establishing a Strategic Bitcoin Reserve to stabilize markets. Yet, U.S. CPI cooling to 2.4% sparked mixed reactions, easing bond yields but fueling volatility amid Fed rate cut expectations. This has amplified fear, with the index at 9, potentially signaling buying opportunities but also risks from regulatory shifts. Overall, these developments could boost long-term adoption, though short-term swings persist.
Stay tuned for tomorrow’s pulse!
