Why Crypto Market is up Today?

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The global crypto market cap surpassed $1 trillion for the first time since early November.

On January 14, the value of Bitcoin rose to over $21,000, as investors anticipate a potential bottom in inflation.

Ether, the second-largest cryptocurrency, increased by 9.7%, and other coins such as Cardano and Dogecoin also recorded significant gains.

The rise in cryptocurrency values corresponded with the release of consumer pricing data that showed a decrease in inflation from December to January.