Bitcoin rose 0.69% overnight, reaching $88,000, buoyed by a robust U.S. Consumer Price Index report and a rate cut by the UK. The global cryptocurrency market cap rebounded to $3.1 trillion, reflecting cautious optimism among investors. Despite mixed signals from the fear and greed index, Bitcoin maintained its position above the critical $2 trillion support level, as traders anticipate trends for 2026.
Bitcoin Climbs to $88,000 on Strong CPI and UK Rate Cut
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
