Crypto Prices Today: Bitcoin Surges 2.6%, Dogecoin and Hedera Gain Over 3%
Crypto Market Update: Bitcoin Rebounds to $97.3K; Dogecoin, Hedera Surge Over 3%
The cryptocurrency market is witnessing a recovery following a sharp drop earlier this week. Ahead of the highly anticipated U.S. Consumer Price Index (CPI) report scheduled for release on Wednesday, Bitcoin and several altcoins have made significant gains.
Bitcoin’s Recovery and Market Performance
After plunging to $89,000—a level unseen for 24 days—Bitcoin has rebounded strongly.
- As of 11:00 am IST, Bitcoin is trading at $97,256, up 2.6%. It bounced back from an intraday low of $89,260.
- The global cryptocurrency market cap has risen 1%, reaching $3.29 trillion.
Edul Patel, CEO of Mudrex, commented:
“Bitcoin found strong support at $89,200 and quickly…
