Bitcoin tops $103,000 as softer US inflation boosts rate cut hopes

 

Bitcoin rose 1% to $103,481 and Ethereum jumped 7.3% to $2,650 after soft U.S. inflation data boosted hopes of Fed rate cuts.

Altcoins like Dogecoin, Solana, and XRP gained 3–9%, lifting global crypto market cap by 2.8% to $3.38 trillion.

Technical indicators show bullish momentum for Bitcoin, with key resistance at $105,000 and support at $100,000 and $90,000.

BTC dominance fell to 62.2%, hinting at an altcoin rotation; Crypto Fear and Greed Index at 70 reflects rising optimism.