Bitcoin has staged a robust rally, reaching a two-week high of $114,000 as traders across global markets brace for the release of the latest US Consumer Price Index (CPI) data. This resurgence reflects renewed investor optimism and underscores the cryptocurrency’s sensitivity to macroeconomic indicators.
Market Momentum Builds
BTC remains the focal point for market participants as anticipation rises over US inflation data set to be revealed this week. The flagship digital asset climbed steadily from support levels near $108,000, gaining more than 5% in the past 48 hours. Traders attribute this momentum to expectations of a stable or softer CPI print, which could alleviate concerns regarding aggressive interest rate policies from the Federal Reserve.
The overall cryptocurrency market exhibited bullish sentiment, with major altcoins such as Ethereum and Solana posting notable gains. Ethereum moved past $6,400, while Solana reclaimed the $180 mark, benefitting from strong capital inflows and improved risk appetite.
Institutional Involvement Intensifies
The recent uptick in Bitcoin’s price is further bolstered by increased activity from institutional investors. According to flow data from leading exchanges, large-scale purchases of BTC and ETH suggest a shift towards long-term positioning by funds and corporate treasuries. This trend reinforces the view that digital assets are increasingly seen as a hedge against inflation and financial system uncertainties.
Macro Outlook Remains Central
The upcoming CPI reading is widely viewed as a critical factor for short-term market direction. A modest inflation figure may trigger further upside, while a higher-than-expected print could prompt renewed volatility. Market analysts at Cryptorbex recommend closely monitoring macroeconomic signals and preparing for swift price movements in response to policy shifts.
As the global economic landscape remains fluid, Cryptorbex continues to provide timely insights and institutional-grade analysis. Stay tuned for real-time updates and expert perspectives on all major market developments.
