Bitcoin reclaims $97k as US inflation data drives risk-on rally

Bitcoin shot back to $97,044 on Tuesday, climbing 4.5% in a single day after plunging below $90,000 earlier in the week. The broader crypto market followed suit, with the CoinDesk 20 index rising 3.9%. Traders scrambled to reposition after new inflation data pointed to a cooling economy, triggering a risk-on rally across both cryptos and […] source: https://www.cryptopolitan.com/bitcoin-reclaims-97k/