Why is the crypto market up today? By Cointelegraph
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The crypto market is up today and (BTC), Ether (ETH), (SOL) and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which gave investors positive expectations that the Federal Reserve may reduce future interest rate hikes and a cooling US Dollar.
Despite the strength of today’s rally, its longevity remains under question as investors anticipate the Federal Reserve’s meeting minutes on Jan. 4 to hint at the size of future interest rate hikes.
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The crypto market is up today and (BTC), Ether (ETH), (SOL) and numerous altcoins rallied after data published by the Institute for Supply Management (ISM) on Jan. 4 which showed slower demand and lower input prices for manufactures which gave investors positive expectations that the Federal Reserve may reduce future interest rate hikes and a cooling US Dollar.
Despite the strength of today’s rally, its longevity remains under question as investors anticipate the Federal Reserve’s meeting minutes on Jan. 4 to hint at the size of future interest rate hikes.
Continue Reading on Coin Telegraph
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