Crypto Gains Mirror S&P 500 Peak as CPI Holds Steady
The crypto market trades bullish at the time of writing, with Bitcoin above $95,000, Ether holding at $3,333, and XRP trading above $2.15. Total crypto market cap has climbed past $3.2 trillion, marking a daily increase of more than 3% in the last 24 hours.
This broad advance unfolded as U.S. equities reached fresh record levels and inflation data met expectations. The timing raises a clear question. Why did digital assets respond so strongly now?
Bitcoin Breaks Key Levels After CPI Release
Bitcoin led the rally following the release of U.S. December consumer price index data. Headline CPI rose 2.7% year over year, matching forecasts, while core CPI increased 2.6%, slightly below expectations.
These figures eased concerns around sudden…
