Bitcoin Rebounds to $96,500 Amid U.S. Inflation Data and Trump’s Pro-Crypto Plans
- Bitcoin (BTC) rose to $97,300 on Tuesday after dipping below $90,000.
- BTC is currently trading at $96,500, marking a 3% increase over the past 24 hours.
- The CoinDesk 20 Index saw a 5% gain in the same period.
- Ripple’s XRP and Dogecoin (DOGE) led altcoin gains with increases of 6%-7%.
- The Nasdaq and S&P 500 closed nearly flat despite crypto market movements.
Bitcoin’s price surged to $96,500 following a dip below $90,000, driven by softer U.S. Producer Price Index readings and anticipation of pro-crypto executive orders from Donald Trump. The CoinDesk 20 Index also saw a notable rise of 5%, with altcoins like XRP and DOGE leading gains.
