Crypto Markets Tick Up Amid Positive Macroeconomic Data, but Inflation Fears Linger

The cryptocurrency market experienced mild gains on Friday following the release of the University of Michigan’s Consumer Sentiment Index, which showed some improved confidence in the U.S. economy. Bitcoin (BTC) increased 2% over the past 24 hours, trading hands at around $95,400. Ethereum (ETH) is also up 2% to approximately $1,800, while XRP remained flat on the day $2.20. Solana (SOL) also saw mild gains, growing 2.6% to hover near $155. Among the top-ten large cap assets, Dogecoin (DOGE) saw the most gains today, up 4%, according to CoinGecko . The total cryptocurrency market capitalization rose 1.3% on the day, holding around the $3.08 trillion mark. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant