DOGE, Ripple’s XRP Outperform Bitcoin’s (BTC) Price Rebound as Traders Await Key CPI Report
Crypto prices bounced from Monday’s wipeout with bitcoin (BTC) rising as high as $97,300 on Tuesday as traders eyed the latest batch of U.S. inflation data with more to come tomorrow.
The largest crypto’s dip below $90,000 yesterday was quickly bought up on reports that Donald Trump is preparing first-day executive orders benefitting the crypto industry. The advance continued today, supported by softer than expected U.S. Producer Price Index (PPI) readings for December.
BTC recently changed hands at $96,500, up 3% over the past 24 hours, while the broad-market benchmark CoinDesk 20 Index outperformed with a 5% gain. Ripple’s XRP and dogecoin (DOGE) led altcoin majors with 6%-7% advances.
In traditional markets, the tech-heavy Nasdaq and…
