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Bitcoin holds steady at $87,000 after wild weekend

Business

Bitcoin bounced back to around $87,000 on Tuesday after dropping below $84,000 earlier this week.
Ethereum is hanging out near $2,800 as crypto prices swing with the market mood.
Investors are playing it safe for now, keeping an eye on US inflation and what the Federal Reserve might do next.

Altcoins move up and down as caution sets in

Over the past day, Bitcoin gained a bit while Ethereum slipped slightly. XRP and Dogecoin dipped about 0.8%, but BNB and Solana jumped over 2%.
After more than $500 million in liquidations last weekend, analysts say people are staying cautious, noting that "investors are likely to remain on the sidelines until there is more clarity on inflation and interest rates," according to the source.