CryptMarket Analysis — 13-09-12
Crypto markets have rallied sharply in the past four hours, buoyed by a softer-than-expected Producer Price Inflation (PPI) print and renewed hopes for imminent Federal Reserve rate cuts. Bitcoin surged past $114,000, marking its highest price since late August, while spot ETFs clocked $757 million in net inflows—a strong signal of institutional interest. Liquidity remains robust, altcoins are rotating higher, and market euphoria is evident with over 90 of the top 100 coins posting gains, pushing total crypto capitalization to $4.06 trillion. However, some caution persists over potential macro headwinds and profit-taking as US stocks also hit record highs. Short-term sentiment is bullish as investors eye Fed commentary and inflation data for signals on the market’s next leg.