Why is the crypto market up today? — TradingView News
Key takeaways:
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The crypto market is up 2.5% on May 8, with its capitalization above $3 trillion for the first time in over eight weeks.
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Fed’s steady rates and stagflation fears boost Bitcoin as a store of value.
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Anticipated US-UK trade deal and a technical rebound fuel market optimism.
The cryptocurrency market is up today, with the total market capitalization rising by approximately 2.5% in the last 24 hours to reach $3.06 trillion on May 8.
Today’s gains were led by Bitcoin 
BTCUSD and Ether 
ETHUSD, which have risen around 2.3% and 4%, respectively.
Stagflation fears “good” for crypto assets
The Federal Reserve’s decision to keep interest rates steady at 4.25%-4.50% on May 7 has bolstered crypto’s appeal. Fed Chair Jerome…
