The cryptocurrency market has demonstrated a strong bullish momentum, with Bitcoin (BTC) recently breaking the $96,000 threshold and Ethereum (ETH) surpassing $3,300. This upward trend is largely attributed to cooling inflation data in the United States, which has alleviated concerns regarding aggressive interest rate hikes by the Federal Reserve. This macroeconomic shift, combined with renewed interest in cryptocurrencies as a macro hedge, has fueled demand. Major altcoins, including Cardano, Stellar, and Dogecoin, have also recorded substantial gains. Market analysis suggests that short positions were liquidated as Bitcoin successfully moved above critical resistance levels, further boosting the rally. Corporate engagement in the crypto space continues to grow, with entities like Strive increasing their Bitcoin holdings, contributing to overall market confidence. While Bitcoin may encounter resistance around $98,000, the prevailing sentiment indicates potential for continued upward movement in the near term.