Ethereum Leads Crypto Rally with a 4% Surge

The cryptocurrency market witnessed a significant uptick this Tuesday, with Ethereum leading the charge by soaring over 4%, marking its highest value since December 2021. This remarkable rally is attributed to the latest US consumer price index report, which revealed that annual inflation remained stable at 2.7%, a figure that pleasantly surprised analysts by coming in below expectations.

Trump's Executive Order Fuels the Rally

Adding fuel to the fire, a recent executive order signed by US President Donald Trump has opened the doors for 401(k) investors to diversify their retirement plans with alternative assets, including cryptocurrencies, private equity, and real estate. This move has significantly boosted investor confidence in the crypto market.

At 8:50 am ET, Ethereum was trading at $4,424.9306, up by 4.65%, while Bitcoin also saw a modest increase of 0.43%, reaching $119,184.054.