#BinanceSquare
What happened?
The cryptocurrency market today is experiencing a notable increase, and the main reason is the optimism that has returned to investors. People are confident that economic conditions will improve, especially with some positive news that was recently published.
📉 Inflation and the Federal Reserve:
There are signs that inflation is starting to calm down a bit, and this gives hope that the Federal Reserve (which is like the central bank in the United States) will not raise interest rates as aggressively as it did. This leads people to turn to cryptocurrencies as an investment haven.
💸 Demand for Bitcoin and Ethereum:
Bitcoin, as always, was the first to benefit from this enthusiasm, and along with it, Ethereum. We have seen a price increase because large investors (and even small ones) are entering the market strongly.