Bitcoin and Ethereum recover from multi-week lows after U.S. airstrikes and elevated inflation data spark investor interest.
Bitcoin and Ethereum prices climbed Thursday morning, recovering from early-session lows. BTC rose to $63,020 by 7:39 a.m. ET, up from an opening price of $61,456.17, while ETH reached $1,660.32 from $1,620.37.
Both assets opened lower than the previous day, with BTC down 0.3% and ETH down 1.1%. Over the past month, BTC has fallen 25.2%, and ETH has declined 31.6%. Year-over-year, BTC is down 44.3%, and ETH is down 42.4%.
The rebound follows U.S. airstrikes and the highest consumer inflation reading since 2023, though it remains unclear whether the gains will hold.