Crypto Price Today: Bitcoin tops $96,700; BNB, Sui Jumps up to 13%
Bitcoin, Ethereum, XRP, BNB, and Dogecoin gaining up to 13%.
As of 12:39 pm IST, Bitcoin rose 1% to $96,744, while Ethereum gained 4.65% to $2,720. The global cryptocurrency market cap increased 1.97% to $3.21 trillion in the past 24 hours.
Bitcoin rebounded above $96,500 after briefly dropping to $94,300 following the US inflation data. The US CPI rose 3% year-on-year, exceeding the forecast of 2.9%. Spot ETFs saw outflows of $229 million during the session. “We expect continued volatility in the near term unless ETF flows and institutional demand stabilize,” said Vikram Subburaj, CEO of Giottus.
Alankar Saxena, Co-founder and CTO of Mudrex, noted, «Despite high inflation, buying interest emerged in the broader market, signaling a shift in sentiment. If Bitcoin holds above $98,000, it could soon test the $100K mark, marking a potential breakout.»
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