Risk Appetite Recovers, Bitcoin Surpasses $71,000
Bitcoin strengthened on Tuesday (March 10th) as risk appetite recovered following US President Donald Trump's statement signaling that the US-Israel conflict with Iran could ease, easing pressure on risk assets. Bitcoin was under pressure in the past 24 hours when a surge in oil prices sparked concerns about global inflation, but sentiment improved as energy prices corrected.
At the latest update, Bitcoin (BTC) rose 3.03% to US$71,185, with an intraday range of US$68,308–US$71,492.
The gains spread to major altcoins. Ethereum (ETH) rose 2.10% to US$2,068.31, while XRP rose 3.65% to US$1.42. Solana (SOL) rose 2.95% to US$87.72, and Cardano (ADA) rose 5.29% to US$0.269851.
In the meme token segment, Dogecoin (DOGE) led the rally, rising 7.23% to US$0.098069. The market next awaits the release of US inflation figures (CPI and PCE), which could potentially alter interest rate expectations, amid geopolitical dynamics that could further boost commodity volatility and global sentiment.
Source: Newsmaker.id