New Milestone for Bitcoin: Surpassing $91,000

Bitcoin reached a new record level after the release of U.S. inflation data while moving horizontally in the range of $86,000 to $88,000 throughout the day.

The largest cryptocurrency surged nearly 4% in a short time following the U.S. inflation data, pushing its record level above $91,500, with the upward trend continuing. Activity in the cryptocurrency market has persisted since 4:00 PM, and Bitcoin appears to maintain its positive outlook.

The rest of the market also moved in tandem with Bitcoin. In the latest price movements, Ethereum rose to $3,296. Among the top 20 cryptocurrencies, DOGE increased by 5% to $0.41, while the most notable value increase came from PEPE, which saw a rise of up to 30% within an hour. PEPE surged to the $0.00002 mark, driven by rumors of listings on U.S.-based cryptocurrency exchanges, in addition to the overall market upswing.

Moreover, the total cryptocurrency market capitalization has increased by 4% on a daily basis, reaching the $3 trillion level. The 24-hour trading volume remains high at $266 billion. The cryptocurrency fear and greed index, which measures market sentiment, has risen to 86, indicating extreme risk appetite.