📢 Reasons Why Crypto Market is Flying High 🚀🚀

Crypto market was on a roll-on Thursday as Bitcoin reclaimed $93,000 market, while other leading digital tokens soared up to 15 per cent during the day. The rise in the digital assets was on the back of weakness in the US dollar and positive comments from the Treasury Secretary Scott Bessent's statement over US-China tussle, along with rising institutional demand.

The easing tensions between US President Donald Trump and US Federal Reserve Chairman Jerome Powell lifted the moods of riskier assets. Beside this, Bessent's statement that he expects US and China to reach a trade deal soon as the current tariff feud is unsustainable. Also, the falling dollar is also increasing the appeal of bitcoin.

The crypto market is undergoing a robust rally, driven by several bullish influences, such as rising hopes for Federal Reserve policy changes, technical signals like the golden cross, and rising institutional demand.

The trend is supplemented with robust spot ETF inflows and general macroeconomic backdrop. It is driven by this combination of trends which has created a bull mania, an indicator of increased faith in the long-term worth.

President Trump, who advocated for the crypto industry during the 2024 campaign, has proposed relaxing regulations on cryptocurrencies.

#MarketRebound #BinanceAlphaAlert #TrumpVsPowell #USStockDrop #BinanceHODLerHYPER