Crypto Momentum - Cryptocurrencies Value Jumped #Crypto #Bitcoin #Inflation

The crypto market is rising with strong momentum. The value of cryptocurrencies jumped above a trillion dollars.

Bitcoin is up by 27% since the beginning of the year and Ethereum is up by 31%. Smaller cryptocurrencies like Cardano are up by 45%. There are a few reasons behind 2023's great start.
First is lower inflation numbers from the US and the EU. US inflation is back to 6.5%. Second is some optimism around the bankruptcy of FTX.

The company’s lawyers announced they managed to find at least $5 billion of additional funds that could be returned to investors.

#Crypto #Bitcoin #Inflation
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