What happened: Bitcoin jumped to around $93,400, and Ethereum surged past $3,200, as expectations of a U.S. Federal Reserve rate cut revived risk appetite across markets. Crypto broadly followed stocks higher.
Why it matters: The rally shows that macro sentiment still drives crypto — when interest-rate expectations shift, BTC/ETH may react strongly. However, for a sustained rebound, we need more than just momentum: demand, volume and structural signals must improve.
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2) 
Grayscale Investments launches first U.S. spot ETF for Chainlink (LINK), draws early inflows
What happened: Grayscale’s new LINK spot ETF recorded roughly $41 million of inflows on day one, sending LINK token higher and injecting optimism into altcoin segments.
Why it matters: This marks growing institutional infrastructure for altcoins — not just BTC/ETH. If demand persists, altcoins could benefit from fresh capital flows. But when macro stays shaky, expect elevated volatility.
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3) 
Network-level catalyst — Ethereum “Fusaka” upgrade goes live
What happened: Ethereum’s Fusaka upgrade deployed PeerDAS improvements, enhancing layer-2 scalability and overall network efficiency — a long-term technical milestone for ETH.
Why it matters: Technical upgrades can strengthen Ethereum’s fundamentals, boost developer confidence, and support long-term capital inflows. If Fusaka delivers, ETH could regain competitive edge vs other smart-contract platforms.
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4) 
Market still fragile — overall liquidity & consensus remain cautious
What happened: Despite the bounce, trading-volume data and market-breadth metrics (fear/greed indexes, altcoin-token flows) show that demand is still thin. Many investors remain sidelined, watching macro trends rather than jumping in.
Why it matters: Without deeper liquidity and consistent demand, any bounce risks being temporary. Volatility remains high — this could be a relief rally, not a full reversal. Risk-management and patience are still key.
