XRP led the altcoin recovery with a 6% gain after a recent sell-off. Other altcoins like Solana and Dogecoin saw increases around 4.5%, while Ethereum rose 5%. The positive momentum indicated renewed speculative trading activity.
CME reported its crypto futures surpassed $30 billion in open interest for the first time. However, analysts warn that the market may be overheating in light of possible Federal Reserve rate cuts, signaling potential corrections ahead.
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