Today, the cryptocurrency market sentiment has clearly shifted towards greed. Bitcoin reached a two-month high at over $96,300, with a 24-hour increase of about 2.4%, successfully breaking through the $95,000 consolidation zone. Ethereum performed even better, surpassing $3,300, with a 24-hour gain of up to 5.1%, showing a strong catching-up momentum.
In terms of sector performance, the NFT sector (led by Pudgy Penguins), Meme coins (such as PEPE), and Layer 2 solutions (like Optimism) became the biggest gainers.
Factors driving the market include positive macro signals. The latest US inflation data shows easing pressure, which directly reinforces market expectations for future rate cuts. Although the probability of maintaining interest rates in January is very high (about 97%), the dovish macro outlook is clearly favorable for risk assets.
On the policy front, the so-called "CLARITY Act," a structural legislation for the crypto market, is gaining momentum. Although there are still differing opinions internally, the market generally views it as a positive signal for increased regulatory certainty. The Senate Agriculture Committee has rescheduled relevant hearings, and this progress gives investors more confidence in the future direction of the industry.
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YieldHunter
· 7h ago
ngl if you look at the data, eth's 5.1% pump is just mean reversion... people fomo'ing into memes and nfts again lol. technically speaking, that clarity act stuff reads like regulatory theater to me - they always say "certainty" but nothing ever really changes. anyway, sustainable returns > this gambling energy 🤔
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BlockTalk
· 7h ago
96,300 has broken the top, ETH is surging strongly. Is this wave really about to take off?
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SolidityStruggler
· 7h ago
Wow, ETH's recent rebound is really amazing, soaring directly by 5.1%
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TokenToaster
· 8h ago
ETH's recent rally is quite fierce, with a 5.1% surge in one go. The rebound is really happening.
Life isn't easy, but Pepe is a bit interesting.
Can the Clarity Act really pass? It feels like Congress just likes to talk big.
It's already 96,300. Do you still dare to buy? I think it's a bit risky.
Wait, NFT hype is starting again. Is Pudgy Penguin about to take off?
Inflation easing is really good news, but will interest rate cuts happen that quickly?
Layer2 is a bit slow to rise this time. How come optimism is only now reacting?
I just want to see Bitcoin break 100,000; everything else is just virtual.
The greed index is at the max. What should we do, brothers?
Today, the cryptocurrency market sentiment has clearly shifted towards greed. Bitcoin reached a two-month high at over $96,300, with a 24-hour increase of about 2.4%, successfully breaking through the $95,000 consolidation zone. Ethereum performed even better, surpassing $3,300, with a 24-hour gain of up to 5.1%, showing a strong catching-up momentum.
In terms of sector performance, the NFT sector (led by Pudgy Penguins), Meme coins (such as PEPE), and Layer 2 solutions (like Optimism) became the biggest gainers.
Factors driving the market include positive macro signals. The latest US inflation data shows easing pressure, which directly reinforces market expectations for future rate cuts. Although the probability of maintaining interest rates in January is very high (about 97%), the dovish macro outlook is clearly favorable for risk assets.
On the policy front, the so-called "CLARITY Act," a structural legislation for the crypto market, is gaining momentum. Although there are still differing opinions internally, the market generally views it as a positive signal for increased regulatory certainty. The Senate Agriculture Committee has rescheduled relevant hearings, and this progress gives investors more confidence in the future direction of the industry.