Crypto markets stir as bill optimism builds

After weeks of shuffling sideways just above yearly lows, crypto markets are showing renewed signs of life and are on track to end the month in positive territory. Following two months of losses, the two largest cryptocurrencies, Bitcoin and Ether, are currently up more than 12% and 22% for the month, respectively.

Improving sentiment has been supported by the return of ETF inflows following months of selling pressure, softer US inflation data that has tempered Fed tightening expectations, a cooling in the AI- and IPO-driven frenzy that had diverted capital away from crypto markets, and growing optimism surrounding the long-awaited US crypto regulation, which could provide a much-needed…