Crypto Markets Update: Bitcoin Surges Back Above $110K on Softer CPI; Altcoins Struggle

Softer U.S. CPI Boosts Crypto Markets, Bitcoin Reclaims $110K as Altcoins Lag

A cooler-than-expected Consumer Price Index (CPI) report sparked renewed risk appetite in crypto markets, pushing Bitcoin (BTC $111,515.59) back above $110,000. Ether (ETH $3,936.55) also moved higher, approaching the $4,000 mark.

Investor optimism remains heavily skewed toward Bitcoin, with altcoins showing limited upside. CoinMarketCap’s “altcoin season” indicator fell to its lowest level in over 90 days, reflecting growing Bitcoin dominance across the market.

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