The crypto market is witnessing a strong resurgence today as Bitcoin ($BTC ) surged past the critical $95,000 resistance level, fueled by favorable macroeconomic data and regulatory optimism. The latest U.S. CPI report reveals inflation has cooled to 2.7%, cementing expectations for Federal Reserve rate cuts later in 2026. This dovish signal has reignited risk appetite, pushing the total crypto market cap toward $3.25 trillion.
Ethereum ($ETH ) has also joined the rally, reclaiming the $3,300 mark with a 7% gain, driven by renewed institutional interest and solid network activity. Meanwhile, privacy coins are outperforming the broader market, with Dash ($DASH ) skyrocketing over 40% intraday. The bullish sentiment is further bolstered by the advancement of the "CLARITY Act" in the U.S. Senate, which promises to reduce regulatory uncertainty for digital assets. Traders are now eyeing the psychological $100k target for Bitcoin if support at $95k holds firm.
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