Bitcoin drops to $95,000

Bitcoin fell yesterday after worse-than-expected US CPI data, but quickly rebounded briefly above $98,000 before settling near $96,000.

The start of the week saw wild swings in Bitcoin, with the coin moving up and down by around $10,000 before settling in a range between $96,000 and $98,000, with an attempt to break the $100,000 barrier on Friday.

After the rejection, the price retreated towards the lower end of the range, where it remained over the weekend.

With inflation data released yesterday, Bitcoin fell to $94,000 within minutes, but quickly recovered some of its losses and added $4,000, now settling just above $96,000, with a market cap of over $1.9 trillion, while altcoin dominance has fallen to 57.6%.

On the altcoin front, BNB jumped over 9.5% to surpass $700, while SUI and HYPE surged 8% to $3.5 and $25, respectively. Despite these moves, the total cryptocurrency market cap remained at $3.3 trillion.