Why are cryptocurrencies rising today? Key drivers behind market rebound

The cryptocurrency market soared 2.19% in 24 hours, with Bitcoin and Ethereum rising 2.41% and 2.15% respectively. The main drivers include: Fidelity’s leading $757.14 million Bitcoin ETF inflows, $171.54 million Ethereum ETF reversed outflows, and the possibility of the Fed’s interest rate cut in September is as high as 91.1%. The altcoin quarterly index rose 131% in 30 days, and the fear and greed index rose to 54, reflecting bullish sentiment.