BTC climbs 2.48% to $62,823 as 4.2% YoY U.S. inflation print reduces macroeconomic uncertainty for crypto assets.
Bitcoin advanced to $62,823, gaining 2.48% after U.S. inflation data showed a 4.2% year-over-year increase, aligning with expectations and stabilizing investor sentiment. Ethereum followed with a 1.81% rise to $1,657, while the total crypto market cap reached $2.24 trillion.
The move follows a period of extreme fear in the market, with the Fear & Greed Index at 12. BTC dominance stood at 56.2%, reflecting cautious but improving risk appetite among traders. Altcoins showed mixed performance, with small-cap tokens like DeepNodeAI and olaxbt posting significant gains.
Separately, decentralized exchange Raydium reported a $1.34 million exploit in its AMM program, highlighting ongoing security risks in DeFi protocols.