What happened?
The crypto market cap jumped about 3.3% to roughly $3.99 trillion, with 90 of the top 100 coins rising and all top 10 coins in the green. Bitcoin climbed to about $115,583 (up ~3.4%) and Ethereum led gains with a ~6.1% rise to $4,194, while total trading volume hit around $160 billion. ETF flows were mixed—US BTC spot ETFs saw $90.6M of inflows while ETH ETFs had $93.6M of outflows—and market sentiment moved from fear back into neutral amid softer CPI and growing Fed rate-cut expectations.
Who does this affect?
Retail and institutional crypto investors and traders feel the immediate impact through rising portfolio values and renewed risk appetite. Asset managers and ETF holders are affected by the shifting flows between BTC and ETH, which changes who’s buying and selling and how much liquidity is available. Companies and corporate treasuries that hold crypto, plus miners and large holders like Sharplink and BitMine, see their balances and market influence change as capital reallocates.
Why does this matter?
Rising prices and ETF inflows can tighten available supply and create momentum for further upside, potentially pushing BTC and ETH toward key breakout levels. If the Fed follows through with rate cuts, lower rates reduce the opportunity cost of holding crypto and could draw more capital into digital assets, amplifying market gains. That said, sentiment is only mildly improved and pullbacks remain likely, so while the market impact could be bullish, volatility and headline-driven moves should be expected.