Bitcoin has changed direction after weeks of Ethereum gaining 8% and Solana soaring 9%. “Bitcoin is up today because both yesterday's producer price index and today's consumer price index were relatively moderate,

On Wednesday, the price of bitcoin continued rising, surging to over $99,000 as it looked poised to return to the $100,000 mark, driven by new inflation data. Minutes after the U.S. Bureau of Labor Statistics unveiled new data from the Consumer Price Index, bitcoin’s price jumped by $1,500, representing a 2% price improvement for the day.

Bitcoin rose nearly 3% to $99.3K as softer core inflation data raised expectations for continued Fed rate cuts, boosting crypto and related stocks.

Bitcoin was rising marginally but remained below $100,000 following a retracement from last month's record high. "Discretion may be the better part of valour in digital assets over the next week or so,

Bitcoin extended its rally for the third consecutive session, hovering near the pivotal $100,000 mark, driven by optimism following softer U.S. inflation data. By 01:12 ET (06:12 GMT), Bitcoin rose 2.

Bitcoin extended its rebound on Wednesday, hovering below the $100,000 after another encouraging inflation report stirred risk-on appetite.