Bitcoin rises above $43,000; Ethereum, Chainlink surge up to 13%

The cryptocurrency markets were trading higher today as the US dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start cutting interest rates as soon as next March. In today's trade, the global cryptocurrency market cap surged 2.52% to around $1.69 trillion in the last 24 hours. At 12:46 p.m., BTC was trading 1.44% higher at $43,055, while Ethereum was up 6.9% at $2,379. Other popular altcoins, such as BNB, Cardano, and Chainlink gained 9-13%. On the other hand, Solana, Avalanche, Polkadot, Polygon, and Toncoin declined by up to 6%. The total volume in DeFi is currently $8.64 billion, 10.63% of the total crypto market 24-hour volume.

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