Crypto market rises ahead of US inflation data; Ethereum nears $2,800, Altcoins rally up to 8%
Bitcoin continued to hover above the $109,600 mark on Wednesday, with broader crypto markets extending gains amid renewed institutional interest and optimism around upcoming macroeconomic data.
At 12:38 pm IST, Bitcoin was trading 0.2% higher at $109,690 after hitting an intraday low of $108,367, according to CoinMarketCap. Ethereum surged 4.5% to $2,793, breaking through key resistance levels and leading gains among major altcoins. The global cryptocurrency market capitalisation rose 1% to $3.45 trillion.
Altcoins followed Bitcoin’s lead, posting notable gains across the board. Solana advanced 5%, Dogecoin climbed 4%, and Cardano rose 3.7%. Hyperliquid led the rally among top altcoins with an 8.4% gain, while Sui and Shiba Inu added 6%…
