Bitcoin Breaks $109K as Altcoins Catch Fire; Inflation Data Looms
Crypto markets turned decisively higher Tuesday, led by Bitcoin’s climb past $109,000, sparking strong gains across altcoins as investors position ahead of key U.S. inflation data due later this week.
- Ether (ETH) jumped 7% in 24 hours, leading major token advances.
- Dogecoin (DOGE) and Cardano (ADA) each added over 5%, lifted by revived risk appetite.
- The CoinDesk 20 Index rose 4%, while total market capitalization climbed more than 3%.
The rebound comes amid renewed optimism around U.S.-China trade discussions and regulatory tailwinds, including greenlights for new crypto ETFs.
“Bitcoin surged near $110K as macro sentiment improved and ETF approvals boosted investor confidence,” said Augustine Fan, Head of Insights at SignalPlus. “We see this as a signal of deepening institutional interest.”
Some observers said recent market pullbacks were overdone.
“The Trump-Musk noise last week likely shook out weak hands,” said Kay Lu, CEO of HashKey Eco Labs. “With CPI data on deck, we may see renewed volatility—but strong hands are stepping in.”
While bullish sentiment dominates, others urge caution given the evolving market structure.
“This cycle isn’t just retail-driven anymore,” said Jeff Mei, COO of BTSE. “With new instruments like ETFs and tokenized treasuries, crypto is acting more like a macro-sensitive asset class.”
Nick Ruck of LVRG Research echoed the sentiment, saying Bitcoin’s price behavior above $109K reinforces its growing appeal among institutional allocators.
“It’s becoming clearer that Bitcoin is viewed as a strategic hedge—resilient even amid geopolitical uncertainty,” Ruck said.
With inflation data due Wednesday and ETF momentum building, crypto markets may be gearing up for their next major move.

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