Bitcoin Surges Above $61,000 as Traders Remain Cautious Ahead of U.S. CPI, Further Yen Unwinding
Bitcoin (BTC) climbed above $61,000 in early Asian trading on Wednesday, leading gains among major tokens and recouping losses from a sharp price drop earlier this month.
Bitcoin has gained more than 3 percent, while major cryptocurrencies Ether (ETH), Solanaâs SOL, Cardanoâs ADA, XRP (XRP), and BNB Chain have all risen 2.8 percent, according to CoinGecko. Major memecoins Dogecoin {{DOGE}} and BNB Shiba Inu (SHIB) have risen just 1 percent, suggesting that sentiment is favoring riskier bets.
Bitcoin's gain outpaced a 2.45% gain in the broader CoinDesk 20 (CD20) index, which tracks the largest tokens by market cap excluding stablecoins.
