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Crypto rally strengthens as rate fears ease after US data
Bitcoin and Ethereum rallied sharply after US inflation data eased rate concerns, triggering spot buying and short liquidations across crypto markets.
Cryptocurrency markets rallied sharply after US inflation data reduced concerns over near-term rate hikes. Bitcoin surged past $96,000, gaining around 4%, while Ethereum climbed above $3,300, rising nearly 7%. The rally was supported by spot buying and short liquidations across major exchanges. Several altcoins, including Cardano, posted gains of up to 10%. Easing macro fears have improved risk appetite across digital assets.