{"id":867438,"date":"2025-08-23T21:13:13","date_gmt":"2025-08-24T02:13:13","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/why-the-crypto-market-is-rising-today\/"},"modified":"2025-08-23T21:13:13","modified_gmt":"2025-08-24T02:13:13","slug":"why-the-crypto-market-is-rising-today","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/why-the-crypto-market-is-rising-today\/","title":{"rendered":"Why the Crypto Market is Rising Today"},"content":{"rendered":"
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The cryptocurrency market<\/a> is showing signs of life again, with a nearly 4% jump, as its market cap hit almost $4 trillion in the past 24 hours. Meanwhile, with Bitcoin up almost 4% from yesterday, crossing the $116,800 mark, a remarkable 93% increase from one year ago.<\/p>\n

This rally has surprised the entire crypto market while traders are wondering the reason behind this massive jump.\u00a0<\/p>\n<\/div>\n

Let\u2019s break down what\u2019s driving this rally.<\/p>\n

Powell Hints at Rate Cuts In Sept<\/h2>\n

Federal Reserve Chair Jerome Powell\u2019s recent speech<\/a> from Jackson Hole strongly hinted at upcoming interest rate cuts, encouraging investors to move into risk-on assets like cryptocurrencies. Meanwhile, the CME FedWatch tool now shows a 75% chance of a cut<\/p>\n

Powell\u2019s softer stance pushed investors toward riskier assets like crypto. Bitcoin quickly bounced from $111,600 to above $117,000, showing how strongly markets react to Fed signals.<\/p>\n

Bitcoin Spot ETF Outflows Drop Sharply<\/h2>\n

Another big reason was the sharp drop in Spot Bitcoin ETF outflows. After billions left earlier in the week, starting with $523.3 million on August 19, $315.9 million on August 20, and $194.4 million the other day, the outflow sharply dropped to just $23.2 million<\/a> on August 22.<\/p>\n

This shows institutions are holding their positions instead of cashing out, giving markets a fresh boost of confidence.<\/p>\n

Ethereum Saw Big Gains<\/h3>\n

Ethereum also saw a big push<\/a>, climbing to near a new high $4,735. A big reason behind this move is strong support from institutions. SharpLink announced a $1.5B buyback, and Japan\u2019s SBI bank invested in Circle to grow USDC.<\/p>\n

At the same time, gas fees on Ethereum are now at record lows, making it cheaper for people to use DeFi.<\/p>\n

$744.77 Liquidations Add to the Rally<\/h2>\n

According to CoinGlass data, the past 24 hours saw 176,721 traders liquidated, with total liquidations reaching $752.96 million<\/a>. Short sellers were hit hardest, with nearly $463 million in short positions wiped out.\u00a0<\/p>\n

Ethereum accounted for more than half the overall liquidations ($385.2 million), while Bitcoin recorded $111.76 million in short liquidations. This forced buying helped push crypto prices higher, adding to today\u2019s rally.<\/p>\n

Altcoins Ride the Momentum<\/h3>\n

The market rally today isn\u2019t limited to Bitcoin and Ethereum alone, major altcoins like XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) have also posted substantial gains.\u00a0<\/p>\n

On top of this, the Altcoin season index has seen a jump and is currently standing at 57, indicating the altcoin season is near.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

FAQs<\/h2>\n
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Why is the crypto market rallying today?<\/strong><\/strong><\/p>\n

Markets surged nearly 4% after Fed hints at September rate cuts boosted investor confidence.<\/p>\n<\/div>\n

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How did Powell\u2019s speech affect Bitcoin?<\/strong><\/strong><\/p>\n

Powell\u2019s dovish tone on rate cuts encouraged crypto investment. Bitcoin jumped from ~$111,600 to over $117,000 shortly after his comments.<\/p>\n<\/div>\n

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Are altcoins also rallying?<\/strong><\/strong><\/p>\n

Yes, major altcoins like XRP, SOL, ADA, and DOGE posted gains. The Altcoin Season Index jumped to 57, indicating a nearing altcoin season.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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\n Rizwan Ansari<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market is showing signs of life again, with a nearly 4% jump, as its market cap hit almost $4 trillion in the past 24 hours. Meanwhile, with Bitcoin up almost 4% from yesterday, crossing the $116,800 mark, a remarkable 93% increase from one year ago. This rally has surprised the entire crypto market<\/p>\n","protected":false},"author":1,"featured_media":867439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,497],"tags":[],"class_list":{"0":"post-867438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-market"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=867438"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/867439"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=867438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=867438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=867438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}