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U.S. CPI data showing resilience sparked a rally across crypto markets. Bitcoin surged past the $95K mark, climbing 3.4% to trade at $95,071, while Ethereum didn't miss out, gaining 6.7% to reach $3,335. The bullish momentum triggered a cascade of short liquidations—$594M in positions wiped out as traders caught on the wrong side of the move.
Institutional players seized the opportunity, with Bitcoin ETFs recording $687M in net inflows, signaling renewed confidence in the space. Total crypto market capitalization expanded to $3.34T, reflecting broad-based strength.
Fear and Greed Index reading of 48 pegged sentiment in neutral territory, suggesting room for further upside if momentum sustains. The combination of macro tailwinds and solid institutional demand paints an interesting picture for near-term price action.