Best Crypto to Buy Now 14 April – ARB, APT, ADA
The cryptocurrency market has experienced a notable upswing, primarily driven by recent inflation data and a significant Ethereum network upgrade.
Bitcoin, which has surged 80% this year, hit an intraday high of $31,046 earlier today, a level not seen since June of the previous year--mprompting speculation of a new bull market.
In light of this development, what are the best cryptos to buy now?
Cryptocurrencies remain susceptible to macroeconomic influences, as evidenced by their rise following the producer-price index inflation data.
As signs of cooling inflation emerge, investors anticipate the Federal Reserve becoming more lenient in its monetary policy.
Over the past year, the central bank has raised interest rates aggressively to control soaring price growth, impacting both stocks and cryptocurrencies.
However, the recent Bitcoin rally, coupled with banking sector stresses, has bolstered hopes that significant rate hikes may be over, and the Fed might contemplate reducing rates soon.
Ethereum's critical upgrade, dubbed "Shanghai," has provided a tailwind for cryptocurrencies.
Ether prices have soared 8% to above $2,000, its highest since May 2022, fueling gains in most altcoins (cryptos other than Bitcoin).
This upgrade marks Ethereum's completion of its transition to a "proof-of-stake" system, where network security and transaction processing are handled by Ether holders who temporarily "stake" their tokens and earn interest.
Despite concerns of selling pressure, the successful upgrade has increased the appeal of staking, bolstering Ether prices and sparking a rally in the crypto market.
As cryptocurrencies experience growth in response to inflation data and Ethereum's network upgrade, investors are left to ponder if this
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