#BTCRebounds100K Bitcoin Bounces Back Above $100K as XRP, Dogecoin and Solana Rebound
Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.
Bitcoin hit $100,000 per coin again on Wednesday—bringing a number of top altcoins with it—after data dropped Wednesday showing that inflation in the U.S. was rising at an expected pace.
The biggest coin by market cap is now trading for $100,500 per coin, CoinGecko shows. It's up 5% in the past 24 hours, and nearly as much over a seven-day period.
Bitcoin had dipped below the $95,000 mark on Tuesday, sparking a slew of liquidations of long and short positions, but has gradually recovered in the time since. The leading cryptocurrency first hit the $100,000 price milestone last week, topping out at a current all-time high mark of $103,679.
Bureau of Labor Statistics figures on Wednesday showed that the core consumer price index, or CPI—which excludes food and energy prices—rose 0.3% last month, in line with analysts' expectations.