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
93,983.82
+4.27%
ETH
3,384.62
+8.91%
XRP
2.1548
+3.94%