#加密市场反弹 The encrypted market welcomes a long-violated rebound. The U.S. January CPI rose 2.4% year-on-year, lower than expected, and traders are betting on a higher probability of three interest rate cuts by the Federal Reserve this year. Bitcoin once stood above $70,000, with mainstream cryptocurrencies like Ethereum and Dogecoin following suit. There are also positive developments on the regulatory front, as the U.S. federal rules bill for digital assets is expected to be implemented in the spring. Caution is needed behind the frenzy—over 90,000 people were liquidated within 24 hours, with a total liquidation amount of nearly $200 million. The fear and greed index remains in the "extreme fear" range; while the rebound is welcome, risks still exist.