๐ Crypto Bull Run Hopes Surge as Fed Rate Cut Optimism Grows โ SOFR Hits 2022 Lows! ๐
The crypto market lit up this Monday as Bitcoin and top altcoins soared to multi-week highs! The surge came right after a senior Federal Reserve official hinted at further rate cuts, boosting investor confidence.
๐ Market Highlights
๐น Bitcoin jumped past $106,000
๐ Total crypto market cap rose 1.45% to $3.54 trillion
๐ Top gainers: Starknet, World Liberty Financial, Trump Coin, and XRP
๐ฌ Whatโs Driving the Market?
Optimism over the US government shutdown ending gave markets a strong push. Eight Democrats joined Republicans to back a new funding package, raising hopes itโll pass both the Senate and House of Representatives.
๐ฆ Meanwhile, the SOFR rate dipped to its lowest level since 2022, adding more fuel to bullish expectations.
๐ฅ Could this be the start of the next crypto bull run?
