#BTCBackto100K
Dogecoin, XRP Lead Crypto Rebound, Bitcoin Tops $96K as Traders Await Key Inflation Data. ✅
The selloff in stocks and cryptocurrencies could mean Donald Trump's inauguration will less likely be a sell the news event, K33 Research said
Bitcoin added to overnight gains following soft U.S. PPI data, continuing its bounce from Monday's selloff.
XRP, DOGE led price gains as the altcoin-heavy CoinDesk 20 Index outperformed BTC.
Wednesday's U.S. CPI report and Trump's inauguration next week are the next catalysts for crypto prices.
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.