Crypto prices rose despite worries over a U.S. shutdown and Japan’s bond market stress.
- Bitcoin and major altcoins gained despite global financial pressures.
- Traders expect interest rate cuts from the Federal Reserve.
- Dogecoin and solana led the way with big daily jumps.
Markets Ignore Global Risks
Crypto prices went up this week. This happened even though there’s fear about a possible U.S. government shutdown and rising bond yields in Japan. Usually, these things scare investors. But this time, traders focused on a different idea. They think central banks might lower interest rates soon to help the economy. That would make investing in crypto more attractive.
Bitcoin, Ether, Dogecoin See Strong Gains
As of today, bitcoin traded near $118,700, up more than 3% in just 24 hours. Ether rose 5.6% to hit $4,374. Solana gained nearly 7%, reaching $223. The biggest jump came from dogecoin, which surged 9% and now trades at $0.25. XRP also stayed strong, holding near $2.97 after big price swings earlier in the week.
Traders Bet on Easier Policy
BTSE COO Jeff Mei said traders now believe the U.S. central bank may lower rates. The idea is that lower interest rates make money cheaper to borrow. That can push prices up in both stocks and crypto. The soft U.S. jobs report and the shutdown fears support this thinking.
Crypto Market Hits $2.37 Trillion
The total worth of all digital coins is now over $2.37 trillion, according to CoinMarketCap. Investors are showing renewed interest in risky assets like crypto. Some experts also note that volatility levels are falling across different markets, including bitcoin. That means prices are more stable right now, which may offer new buying chances for traders.
What Comes Next?
The big question is whether this rally can last. Bitcoin is still below $119,000. If global problems grow worse, like more shutdown effects or shifts in Japan’s bond policy, that could test this new strength. But for now, traders are feeling confident, hoping for easier financial conditions ahead.
Source: coindesk.com
