At 11:06 a.m. New York time, Bitcoin was pointing at $224.10 on CoinMarketCap, up 4.25% from 24 hours ago. At the same time, Ethereum rose 3.09% to $1361.55.
The background of the Bitcoin and Ethereum rally is not yet clear, but it may be influenced by positive traditional market conditions. All three major New York stock indices rose, in particular, the Nasdaq rose more than 1%.
U.S. Treasury yields fell, and the dollar index retreated slightly, according to the Wall Street Journal data.
The US personal consumption expenditure (PCE) price index for August released on the same day exceeded expectations, and the stock market and cryptocurrencies are drawing attention as the stock market and cryptocurrencies are rebounding amid the prospect that the Federal Reserve will continue to raise interest rates aggressively.
*Image source: CoinMarketCap
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