Bitcoin Nears $96,000 Amid Stable Inflation and Global Tensions, Altcoins Follow

Bitcoin surged near $96,000, its highest in nearly two months, driven by stable US inflation data and increasing demand for safe-haven assets amid global tensions. The rally, supported by spot accumulation and improved risk appetite, saw Ethereum surpass $3,300 and other altcoins gain significantly. On-chain data indicates easing selling pressure and liquidations of short positions, contributing to a bullish sentiment in the cryptocurrency market.