- Cryptographic market capitalization exceeds 3.1 billions of dollars for the first time in eight weeks.
- The technical rebound from the management of 2.4 T $ adds fuel to the rally.
The cryptography market is child Today, motivated by growing optimism around global commercial developments and a favorable macroeconomic backdrop. The total Crypto market capitalization jumped 3.21% to 3.1 billions of dollars, while the 24 -hour negotiation volume increased from 47.10% to 119.1 billion dollars.
Bitcoin (BTC) exceeded $ 99,000, reaching $ 99,415, because the bulls target an escape above the critical level of $ 100,000. This would open the way to a potential retain for its summit of all time at $ 109,300. The Bitcoin rally follows the president Donald Trump The May 7 speech of the “Liberation Day”, during which he announced an “important trade agreement” with the United Kingdom.
Altcoins follow the example of Bitcoin
Altcoins also displayed strong gains. Fat penguins rose by 27.84%, the virtual protocol increased by 19.6%and Brett won 19.08%, while the memes PEPE (PEPE) also increased. This large rally has raised the total, the combined market capitalization of all cryptocurrencies, above its mobile average at 200 days, marking a rebound of 30% compared to the low April of 2.27 billions of dollars.
The decision of the Federal Reserve on May 7 to maintain stable interest rates at 4.25% to 4.50% further increased the feeling. The president of the Fed, Jerome Powell, cited concerns about stagflation – slow growth with persistent inflation, partly due to current pricing policies. Despite President Trump's pressure to reduce rates, the Fed maintained a cautious position, referring to potential cuts later in the year.
This macro environment has improved the role of Bitcoin as a reserve of value. The increase in inflation expectations has led investors to cover themselves against the Fiat, promoting assets like Bitcoin, often nicknamed “digital gold”.
Financial institutions remain optimistic. Standard Charterd sees Bitcoin reaching $ 120,000 this year and $ 200,000 by 2025. Vaneck projects a peak of $ 180,000 in 2025, while ARK Investt maintains a conservative objective of $ 500,000 and a basic case of $ 1.2 million by 2030.
Highlighted the news of the crypto today
Blackrock wins $ 32 million from Bitcoin ETF in Q1 while BTC approaches $ 100,000
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