Crypto Prices Today: Bitcoin rebounds to $97K ahead of U.S. consumer price data; Stellar, Hedera jump over 9%
Crypto prices are showing signs of recovery from the past two trading sessions, ahead of U.S. consumer price data due on Wednesday that could potentially shift the monetary policy outlook. Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly, surging to the $97,000 level.
As of 11:00 am IST, Bitcoin was trading at $96,932, up 2.15%, after hitting an intraday high of $97,650. Ethereum surged 1.2% to $3,222. Meanwhile, the global crypto market cap saw a 2.5% rise, reaching $3.37 trillion.
Other major altcoins also saw significant gains on Tuesday. XRP rose 11.8%, BNB gained 1.3%, and Solana increased by 1.5%. Dogecoin surged 4.6%, followed by Cardano (7%), Stellar (11.4%), Chainlink (4.2%), and Hedera (9%).
«Bitcoin is continuing its upward momentum, trading near the $97,000 mark. The broader market also saw a directional shift, with major coins such as Solana, XRP, Ethereum, and others gaining up to 10% in a day fuled by weaker-than-expected December PPI data,» said Edul Patel, CEO of Mudrex.
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