Crypto Market Surges, Bitcoin Passes $87K

Bitcoin and Ether surge past key price levels, driven by positive Asian stock market movements and cooling U.S. inflation. Bitcoin hits eighty-seven thousand dollars, while Ether shows strength across the market. Other cryptocurrencies like ADA, SOL, Dogecoin, BNB, and XRP also see gains. The CoinDesk Twenty index rises by two percent, following a period of high volatility and liquidations. The Bank of Japan raises interest rates, causing a brief spike in Japans ten-year government bond yield, but markets absorb the move smoothly. Asian stocks and U.S. futures extend their rebound, boosted by positive outlooks and softer inflation data.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.