Crypto Market Rally: Pepe Coin, Zcash, Morpho, and Dogecoin Lead the Charge
The crypto market is rallying, with Bitcoin and altcoins rising double digits. Here are the major reasons:
The US inflation report shows that prices have retreated in January (CPI dropped to 2.4%)The labor market also shows signs of strength (unemployment rate at 4.3%)Futures open interest increases, suggesting more leverageThe Crypto Fear and Greed Index recovers from the extreme fear level (from 8 to 13)Top gainers: Pepe Coin (+30%), Zcash, Dogecoin, Morpho, Shiba Inu, and Jupiter. Be careful: this rebound could be a dead, cat bounce.
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