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Phemex Crypto Market Daily: Bitcoin and Ethereum Surge as Regulatory Clarity and US Inflation Data Drive Crypto Market (Apr 14)
Key Takeaways:
1. Macro Environment US inflation remains elevated due to surging energy prices, reducing the likelihood of near-term Fed rate cuts. The SEC clarified that self-hosted crypto wallets do not require broker registration, easing regulatory risk for DeFi. The US Senate advances the CLARITY Act, raising optimism for a unified digital asset framework. 2. Crypto Market The crypto market rallied in the past 12 hours, led by Bitcoin up 4.6% to $74,274 and Ethereum up 7.3% to $2,364, driven by strong institutional flows and regulatory clarity. RaveDAO surged 40.6%, Venice Token gained 9.5%, and Worldcoin rose 5.1%, with RAVE's rally fueled by social media hype and high perpetuals volume. 3. Today's Outlook Today, the US March Producer Price Index (PPI) and government budget data will be released, providing key inflation signals. These macroeconomic indicators may drive volatility across crypto and risk assets, as traders assess the Fed's policy outlook and inflation trajectory.
