Why is Crypto Market Up Today: CPI Data Ignite Bullish Rally?
The cryptocurrency market is experiencing a bullish surge, with the global market capitalization rising to $3.48 trillion, marking a 0.7% increase in the past 24 hours. Trading volumes have also spiked, reaching $157 billion as investors react to favorable CPI data.
Market sentiment has turned decisively optimistic, with traders interpreting the latest economic indicators as a green light for risk assets. The rally appears broad-based, cutting across major cryptocurrencies and altcoins alike.