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Bitcoin climbed back into the spotlight as it pushed above 95,000 dollars for the first time in about a week, rising a little more than 4 percent in 24 hours and moving toward the upper end of its recent trading band. The jump came as traders rotated back into risk assets after fresh data showed inflation cooling and bond yields easing, a backdrop that has often helped crypto recover from pullbacks.
Ether, Solana and Cardano rode the same wave. Each of the three majors logged gains of around 7 to 9 percent on the day, outpacing bitcoin in percentage terms and extending a pattern where altcoins move more sharply once BTC starts to trend higher. Ether traded in the low 3,000 dollar area, while Solana and Cardano both bounced from recent support zones that had held through the early part of January.
Macro conditions did a lot of the heavy lifting. Softer inflation readings reduced pressure on central banks to keep policy tight, which pulled long dated yields lower and improved overall liquidity. Historically, periods of falling real yields and improving risk sentiment tend to benefit assets like bitcoin that are seen as alternatives to fiat systems, and this week was no exception as futures and spot volumes picked up across major venues.
Derivatives flows added extra fuel. As prices broke higher, short sellers in perpetual futures and other leveraged products were forced to cover, turning liquidations into additional buy pressure that helped push BTC through the 95,000 dollar level and dragged large caps higher with it. With total crypto market capitalization moving further above 3 trillion dollars, analysts said the move looked less like a full scale melt up and more like a sharp repricing of risk appetite after months of choppy, rangebound trading.
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