Cryptocurrencies Rally on Hopes of Less Hawkish Fed After Dovish Remarks
• Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw gains of 2-3% after dovish remarks from Fed's Waller about potential rate cuts.
• Analysts say Waller's comments have fueled hopes of a "Santa Claus rally" that could push Bitcoin beyond $40k.
• The global crypto market cap stands at $1.41 trillion, down 0.7% in the last 24 hours.
• Stocks also rose Tuesday based on Waller's confidence that current policy can slow inflation.
• One analyst notes Bitcoin traders are profit-taking, while Dogecoin wallets are surging and Cardano wallets are dropping.