NEAR - 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.
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Why the Crypto Winter Thawed for Altcoins Today