Bitcoin Surges Past $95K as Softer CPI Data Triggers $594M Short Liquidations

BTC0.98%
ETH0.33%

Gate News bot message, Bitcoin climbed above $95,000 following the release of softer U.S. CPI data, with $594 million in short positions liquidated. Institutional investors increased their exposure as Bitcoin ETFs recorded $687 million in net inflows on the day.

Bitcoin traded at $95,071, up 3.4%, while Ethereum reached $3,335, gaining 6.7%. The Fear and Greed Index moved to 48, indicating neutral market sentiment. Total crypto market capitalization stood at $3.34 trillion, with total liquidations reaching $687 million.

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