Why the Crypto Winter Thawed for Altcoins Today
The crypto winter suddenly thawed starting late on Friday as tokens across the industry shot higher. I highlighted some of the major cryptocurrencies moving earlier, but some big-name altcoins are popping as well. And there may be a good reason.
Polkadot (CRYPTO: DOT) is up 15.7% in the last 24 hours as of 5:00 p.m. ET, NEAR Protocol (CRYPTO: NEAR) is up 21.1%, and Tezos (CRYPTO: XTZ) has jumped 13.4%.
The macro market environment can't be overlooked in crypto trading lately. Inflation data this week showed that prices in the U.S. actually fell month over month in December, leading investors to think rate hikes may end sooner than expected. Stocks rallied, and riskier assets like cryptocurrencies did as well.
Source Fool.com
