Why is the crypto market up today?

The crypto market is up today, reflecting investors’ optimism for a possible US-UK deal and TOTAL’s strong technical setup as Bitcoin price nears $100,000.

Key takeaways:

The crypto market is up 2.5% on May 8, with its capitalization above $3 trillion for the first time in over eight weeks. 

Fed’s steady rates and stagflation fears boost Bitcoin as a store of value.

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