🔺 Why is the Cryptocurrency Market Rising Today? 🚀
Bitcoin is shaking up the market with its price approaching its all-time high (ATH). Currently trading at $69,578—up 3.09% over the past 24 hours—Bitcoin is attracting attention. Ethereum is also bullish to $3,353, Solana is at $193, and Ripple’s XRP is at $0.607. The global cryptocurrency market grew by 3.5%, reaching $2.48 quadrillion.
Here's why the cryptocurrency market is vibrant:
Trump's Promises About Crypto 🇺🇸: At the Bitcoin Conference, Donald Trump promised to make the United States the “crypto capital of the planet” and a “Bitcoin superpower.” He plans to replace SEC Chairman Gary Gensler to support innovation in cryptocurrency.
Falling Inflation 📉: Falling inflation is raising hopes that the Fed will reduce interest rates. Lower interest rates may encourage investment in risky assets such as cryptocurrencies.
Large Investors Buy More 🐋: Large investors are increasing their holdings of cryptocurrencies, showing strong confidence in the growth of the market.
The Memecoin Boom 🐶: Memecoins are thriving! Doge trades at $0.134, Shiba at $0.0000172, and Pepe at $0.00001222.
Follow for more updates! 🌟
🔗 Read More: https://t.me/cryptoanalysisvn/1/1874
