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Crypto Today: BTC rekindles all-time high prospect as SOL, ETH and DOGE lead $3.5 trillion recovery
The global crypto market capitalization rose by another 2% on Tuesday, retaking the $3.5 market cap milestone after a brief dip towards $3.2 trillion on Monday. In terms of key bullish catalysts, vital figures in the US CPI data released have raised expectations of imminent Fed rate cuts. Bitcoin price rises by 3% on Tuesday, trading as high as $104,800 on Binance before facing rejection. With 24-hour BTC trading volumes at $33 billion, Bitcoin market activity continues to trend near weekly time frame peaks.