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Bitcoin surges above $95,000 as ether, solana, cardano jump 8% on investor optimism
Source: CryptoNewsNet Original Title: Bitcoin surges above $95,000 as ether, solana, cardano jump 8% on investor optimism Original Link: Crypto markets ripped higher on Wednesday as easing U.S. inflation and renewed political uncertainty around the Federal Reserve reignited demand for scarce, non-sovereign assets.
Bitcoin jumped more than 4% over the past 24 hours, breaking above $95,000 for the first time in a week and pushing toward the upper end of its January range. Ether outperformed, climbing over 7% to around $3,330, while major tokens such as Solana, Cardano, XRP and BNB moved as much as 9% higher.
The move came as U.S. inflation data surprised to the downside, reinforcing expectations that the Federal Reserve will continue cutting rates this year. Lower inflation eased pressure on bond yields and improved liquidity conditions, a setup that has historically favored crypto and other risk assets.