📈 The main reasons for the rise of cryptocurrencies today #BTC $BTC
1. Positive developments in US trade policies
Trade agreement between the United States and the United Kingdom: President Donald Trump announced a "breakthrough trade agreement" with the United Kingdom, boosting investor confidence in financial markets.
Suspension of tariffs for 90 days: In April, Trump announced a temporary suspension of tariffs, contributing to market stability and enhancing investors' risk appetite.
2. Stability of US monetary policies
Federal Reserve holds interest rates steady: The US Federal Reserve decided to keep interest rates unchanged, easing investors' concerns about tightening monetary policies.
Concerns about stagflation: Federal Reserve Chairman Jerome Powell indicated the risks of stagflation, prompting investors to seek safe havens like Bitcoin.
3. Increased institutional interest in cryptocurrencies
Significant investments from companies: Strategy (formerly known as MicroStrategy) purchased 1,895 Bitcoins worth $180 million, reflecting institutional confidence in digital assets.
Strategic acquisitions: Coinbase announced its acquisition of the Deribit platform specializing in futures trading $ETH