Crypto Markets Rally as Inflation Data Fuels Rate Cut Expectations
Cryptocurrency markets climbed into Friday, with major digital assets posting solid gains after mixed U.S. economic data reinforced expectations for Federal Reserve rate cuts, creating a favorable backdrop for risk assets.
Bitcoin is up 1.29% to $115,329.58, briefly touching $116,000 overnight in its latest push. The world’s largest cryptocurrency has benefited from growing institutional adoption and expectations for looser monetary policy.
Ethereum outpaced Bitcoin with a 2.94% gain to $4,505.37, while Solana emerged as the day’s standout performer, surging 4.19% to $232.65. Solana’s rally received additional momentum from news that Forward Industries closed a $1.65 billion PIPE investment co-sponsored by Multicoin Capital, Jump…
