The crypto market is up today, reflecting investors' optimism for a possible US-UK deal and TOTAL’s strong technical setup as Bitcoin price nears $100,000.
Key takeaways:
The crypto market is up 2.5% on May 8, with its capitalization above $3 trillion for the first time in over eight weeks.
Fed's steady rates and stagflation fears boost Bitcoin as a store of value.
Anticipated US-UK trade deal and a technical rebound fuel market optimism.
The cryptocurrency market is up today, with the total market capitalization rising by approximately 2.5% in the last 24 hours to reach $3.06 trillion on May 8.
Today’s gains were led by Bitcoin
BTC
which have risen around 2.3% and 4%, respectively.