Dogecoin (DOGE) surged 12% as the cryptocurrency market rebounded after a sharp sell-off, which saw $1.42 billion in liquidations. Cardano (ADA) also experienced a significant recovery, rising 15% to briefly hit the $1 mark, following a lower-than-expected inflation gauge from the Fed. The Fed's recent interest rate cut to a target range of 4.25%-4.5% has influenced market sentiment, despite a projected reduction in rate cuts for 2025.
