The crypto market is rallying as #Ethereum and Dogecoin lead gains, with $ETH up 4% and $DOGE surging over 10% in the last 24 hours. The market is approaching a $4 trillion cap, fueled by optimism ahead of Fed Chair Jerome Powell’s Tuesday speech and hopes for a U.S.–EU trade deal before the August 1 tariff deadline.
Investors are watching for clues on interest rate cuts amid political pressure on Powell from the Trump administration. Meanwhile, Commerce Secretary Howard Lutnick expressed confidence in reaching a trade agreement with the EU. Altcoins are outperforming, with analysts predicting a strong altcoin season in H2 2025.
