Ethereum and Bitcoin See Investor Optimism

Ethereum isn't just seen as a crypto asset poised for price increases. Bitcoin, the leading cryptocurrency often referred to as digital gold, climbed to nearly $29,800, marking a 3% increase that brought it close to the highly anticipated $30,000 level. As investor risk appetite returns following recent declines, both Bitcoin and Ethereum are expected to benefit from improved investor sentiment.

Bitcoin Rises as Major Indices Recover; Floki Inu to List on Binance

The cryptocurrency market experienced a resurgence of "memecoin mania," with prices for Pepe (PEPE) and Floki Inu (FLOKI) surging after their Binance listings, pushing the total crypto market cap above $1.27 trillion. Major indices rebounded after a four-day losing streak, reflecting a recovery in crypto prices as the US stock market ended the week higher. The S&P 500 closed down by 1.85%, the Dow Jones Industrial Average gained 546 points (1.65%), and the Nasdaq rose by 2.25%.

Market Led by Apple and Banks; Fed Signals Potential Rate Hikes

Stocks saw positive returns as the market rebounded, led by Apple (AAPL) shares hitting a nine-month high following a strong quarterly report. Regional bank stocks also recovered after a significant sell-off earlier in the week, with PacWest shares notably rebounding after a 60% drop. Federal Reserve Chair Jerome Powell hinted that the central bank might halt interest rate hikes. However, with robust job data this week, all eyes are on the upcoming CPI data as investors evaluate inflation indicators.