Bitcoin recovered strongly, climbing back toward the $92,000 level after recent weakness, as cryptocurrency traders adopted a more cautious stance ahead of key U.S. inflation data that could influence Federal Reserve interest-rate expectations and liquidity conditions in global markets.
After recent volatility, Bitcoin (BTC) was up about 1.4 %, while Ethereum (ETH) and several major altcoins also saw gains, reflecting tentative optimism among investors ahead of the economic release.
Cryptocurrency analysts noted that reclaiming and sustaining levels above important resistance—especially above roughly $92,000 for BTC and key levels for ETH—would be a technical signal of renewed strength in the digital-asset markets. These moves come as traders weigh incoming U.S. consumer price index (CPI) data, which could affect sentiment and the broader risk-asset environment.
In summary:
- Bitcoin edged higher toward $92,000, supported by cautious trading ahead of U.S. inflation figures.
- Ethereum and selected altcoins also rose, while some lagged as traders balanced risk and opportunity.
- Traders are watching key macro data closely, as U.S. inflation outcomes could influence the Fed’s policy path and overall market risk sentiment.
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