Crypto’s Rebound: Institutional Investing Fuels Market Growth

This past week saw a resurgence of optimism within the crypto market, driven by both renewed institutional investment and a favorable macroeconomic environment. Bitcoin’s rebound following ETF inflows and a decrease in inflation data fueled hopes for Federal Reserve rate cuts, creating a positive ripple effect across other asset classes like equities. This shift sparked increased activity from major tech companies such as Apple, GM, Nvidia, and Alphabet, boosting the Nasdaq. Meanwhile, the US Dollar Index eased, while treasury yields fell, reflecting investors’ increased appetite for riskier assets. Gold also saw modest declines as traders locked in profits from its recent safe-haven status.