Crypto Market Cap Rises 4.15% Amid Bullish Sentiment

Recent developments indicate a bullish shift in the crypto market:

Global cryptocurrency market cap rose by 4.15% to $3.77 trillion.
Bitcoin gained 4.3%, exceeding $111,000, while Ethereum increased by 5.2%, surpassing $4,000.
The market's bullish momentum resulted in $521 million liquidations in 24 hours, with a total open interest rise of 5.8% to $155 billion.

Macro Developments

The largest liquidation event occurred on Oct. 11, with $19.35 billion wiped out following tariff threats from the US against China, leading to a $400 billion selloff.
There is speculation of an impending deal due to cooling tensions around tariffs.
The US Federal Reserve will host the "Payments Innovation Conference" on Oct. 21, focusing on crypto payments and stablecoin applications.
On Oct. 22, key crypto industry leaders will meet with pro-crypto Senate Democrats to discuss market legislation.

These events could further influence the bullish sentiment, potentially pushing asset prices higher.