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Crypto

Crypto Market Soars as Oil Prices Plummet

Guavy AI Editorial Team
Instruments
BTC ETH SOL XRP
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The global cryptocurrency market started the week strong, with the total market cap rising around 5% to $2.93 trillion.

Bitcoin, Ethereum, XRP, and Solana are leading the charge, posting sharp gains as buying pressure returns.

One reason for the surge is the drop in oil prices following U.S. President Donald Trump's decision to call off planned strikes on Houthi positions in Yemen.

This move eased fears of higher inflation pressure, which had been weighing on investors' minds.

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