The crypto market is going through an exceptional growth phase, driven by the spectacular surge of bitcoin, which has now surpassed the historic $100,000 mark. Indeed, long considered a difficult milestone to cross, this threshold has been reached thanks to a set of favorable economic factors. Recent inflation data in the United States, which show a moderate increase in line with expectations, have reassured investors and revived their interest in risk assets. At the same time, institutional enthusiasm for crypto, symbolized by record inflows into Bitcoin and Ethereum ETFs, has reinforced this momentum. Thus, this recovery has also spread to altcoins, where assets such as XRP, Dogecoin and Solana are posting remarkable performances, which has confirmed the general effervescence of the sector and triggered optimistic prospects for the months to come.
The article Cryptos are taking off: The reasons for this spectacular rebound appeared first on Cointribune.
