Bitcoin rose above 95,000 dollars as inflation cooled and rate-cut bets intensified. According to Coinbase, Bitcoin traded at 95,600 dollars, up 4.83% from 24 hours earlier. Bitcoin’s move above 95,000 dollars marked the first breach since November. Ethereum advanced 7.43% to 3,324 dollars, and XRP rose 5.54% to 2.17 dollars.
The gains followed CPI data released by the Labor Department showing the CPI rose 0.3% month-on-month and 2.7% year-on-year, while the core CPI rose 0.2% and 2.6% year-on-year, broadly in line with expectations. Inflation moderation boosted rate-cut expectations, lifting the crypto market across the board. The Fear & Greed Index stood at 26, signaling fear among investors.
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