At 11:06 New York time, Bitcoin was pointing at $224.10 on CoinMarketCap, up 4.25% from 24 hours ago. At the same time, Ethereum rose 3.09% to $1361.55.
The background of the Bitcoin and Ethereum rally is not yet clear, but it may be influenced by traditionally positive market conditions. All three major indexes on the New York Stock Exchange rose more than 1%, especially the Nasdaq.
US Treasury yields fell, and the dollar index retreated slightly, according to Wall Street Journal data.
The US personal consumption expenditure (PCE) price index for August released on the same day was above expectations, and the stock market and cryptocurrencies are drawing attention as the stock market and cryptocurrencies rebound in amid the possibility that the Federal Reserve will continue to raise interest rates aggressively.
* Image source: CoinMarketCap
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