A lot of bad news piling up, yet the broader market launches a strong rebound!$XRP
This week first saw a sell-off. After the CLARITY bill was rejected, it once dropped more than 10% to $1.28, then recovered and rebounded to $1.40. The Federal Reserve and the Bank of Japan both hiked rates. Under multiple macro pressures, the crypto market surged 6.77% over the past 24 hours. BTC broke above 81,000, while ETH, SOL, and ARB all jumped higher. Analysts believe this leg of the rally did not have a single clear positive catalyst; it was mainly driven by the release of previously idle capital demand that had been suppressed, along with short covering combined with FOMO pushing the market higher. However, the sustainability of the rally still needs to be watched. For the short term, it’s best to stay cautiously optimistic.#华夏基金完成港元稳定币投资用例
This week first saw a sell-off. After the CLARITY bill was rejected, it once dropped more than 10% to $1.28, then recovered and rebounded to $1.40. The Federal Reserve and the Bank of Japan both hiked rates. Under multiple macro pressures, the crypto market surged 6.77% over the past 24 hours. BTC broke above 81,000, while ETH, SOL, and ARB all jumped higher. Analysts believe this leg of the rally did not have a single clear positive catalyst; it was mainly driven by the release of previously idle capital demand that had been suppressed, along with short covering combined with FOMO pushing the market higher. However, the sustainability of the rally still needs to be watched. For the short term, it’s best to stay cautiously optimistic.#华夏基金完成港元稳定币投资用例