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Why are the Bitcoin price, the XRP price, and the BNB price rising today?
Bitcoin dominates the current market cycle, and despite its 2025 decline, BTC continues to outperform altcoins by a wide margin. Bitcoin’s market dominance has risen to 61.2%, up from 54% in December.
A brief resurgence for altcoins followed Donald Trump’s election victory in the US, as his promise to introduce more crypto-friendly regulation sparked hopes for the launch of several crypto ETFs. However, this euphoria was short-lived as a stronger-than-expected US jobs report dampened sentiment. Combined with rising inflation, this led to a tighter monetary policy from the US Federal Reserve, which put an end to the price increases.
The market’s recovery yesterday after inflation in the US came in slightly lower than expected offers some positive news for the crypto market. For the first time since July 2024, both headline and core inflation have declined. While this gives the US Federal Reserve some more leeway to cut interest rates, futures markets continue to expect a pause in interest rates at the Federal Reserve’s next interest rate meeting scheduled for March 19.
Source: https://thebitcoinnews.com/why-are-the-bitcoin-price-the-xrp-price-and-the-bnb-price-rising-today/
