The crypto market has flipped green again. After weeks of Extreme Fear and a bruising sell-off, the total market capitalization has climbed back above $2.2 trillion, gaining roughly 1.7% in the last 24 hours. Bitcoin reclaimed the $65,000 threshold, rising 0.77%, while Ethereum surpassed $1,900 with a 1.54% gain. Most majors are participating, with $XRP, $Solana, and $TRON all posting modest advances alongside the two market leaders.
Total crypto cap in USDSo what's actually behind the move? Let's break it down.
Why is the crypto market up today?
The single biggest catalyst is a shift in inflation expectations. Market concerns over a potential resurgence in inflation are gradually subsiding, and this cooling has lifted both Bitcoin and Ethereum back above key levels. Crucially, this is happening despite ongoing geopolitical tension: crude oil prices have cooled even with the situation in the Middle East, which has helped fade fears...
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