$BTC rose about 5% to $97,000, pushing its market value above $1.9 trillion, and accounting for roughly 61% of total market inflows, showing the rally was clearly led by Bitcoin. This move wasn’t random; it was fueled by signs of stability in the U.S. economy. Inflation data helped boost confidence, with CPI matching expectations at 2.7% year over year, while core CPI came in slightly lower at 2.6%, the lowest level in nearly five years. This signaled easing inflation pressures. Earlier, hopes for rate cuts had weakened after Fed Chair Jerome Powell took a negative tone, but the latest CPI data has renewed pressure on the Fed, becoming a key catalyst behind Bitcoin’s surge.
BTC
95,590.59
-2.01%