📈 Crypto Markets Surge: What’s Driving the Rally? 🚀
Bitcoin (BTC): Slight increase of 0.12%, trading around $116,987.
Ethereum (ETH): Broke the $4,000 barrier, currently at $4,173, up 4.6% today.
XRP: Rose 1.8%, now priced at $3.29.
Dogecoin (DOGE): Jumped 5.7%, trading near $0.238.
Kaspa (KAS): Increased by 4.0%, currently at $0.096.
🔑 Key Factors Behind the Rise:
1. New Executive Order: The US administration approved allowing crypto assets in 401(k) retirement plans, potentially unlocking up to $9 trillion in institutional investment. 💼💰
2. Positive Legal Developments: The SEC vs Ripple lawsuit concluded, lifting restrictions on XRP and boosting investor confidence. ⚖️📈
3. Massive ETF Inflows: Bitcoin ETFs saw inflows of $403.67 million in a single day, signaling strong institutional demand. 🏦💸
4. Major Crypto Price Gains: Ethereum’s rally past $4,000 marked the highest since December 2024, fueled by ETF inflows. 🔥📊
5. Improved Market Sentiment: Overall crypto market cap rose 3%, reaching $3.76 trillion as investor optimism returned. 🌐📈
