Ethereum, Solana, and Polkadot lead Nqe cryptocurrency rally

Yesterday, total cryptocurrency exchanges rose more than 4% in the past 24 hours and fell below $ 2 trillion for the first time since September, with Ethereum (up 8%) , Solana (up 8%), Binance Coins and Polkadot. (both increased by 11%).

In 2021, when Ethereum went from $ 735 to $ 3,700, there were still 164 profitable days and 201 days left.

Having said that, there is no reason to believe it will be temporary. ETH, on the other hand, is down 33% from its high of $ 4,878 two months ago, and it can't say any return.

Global markets, especially the US economy, are constantly changing. The Fed plans to raise interest rates three times this year to control inflation. As a result, borrowing rates and expenses are falling, according to Kevin Kelly, founder of Delphi Digital. In a statement he wrote yesterday, "BTC and crypto assets will perform best when liquidity is more abundant and expanding, and will suffer when liquidity is tight."

It also affects the volatility of the US stock market. After a 26.9% return from a year ago, the S&P 500 began to close in 2022 with a decline of less than 1%. The tech-focused Nasdaq is down more than 3% this year after rising 21.4% in 2021.