Bitcoin swings back above $96,000, in stunning reversal, as light inflation data stokes risk appetite
Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading.
On Tuesday the price of the flagship cryptocurrency rose 3% to $96,452.34, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as measured by the CoinDesk 20 index, added 4%.$BTC
BTC
74,294.06
+4.39%
ETH
2,364.13
+7.16%
XRP
1.3651
+2.72%