Why crypto prices are climbing today

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The crypto market is up today, reflecting investors' optimism for eventual interest rate cuts and the DXY’s short-term weakness.

The cryptocurrency market is up today, with the total market capitalization rising by approximately 1% in the last 24 hours to reach $2.13 trillion on Aug. 23. The rise in market cap includes gains from Bitcoin, which have risen around 1.03% and 0.05%, respectively.

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