Bitcoin jumps to $87,400 as crypto market heats up
Bitcoin bounced back to $87,400 after a quick dip, rising 2% in just 24 hours.
This move signals buyers are stepping in and exchange reserves are super low—both signs that BTC could have more room to run.
Why does this matter?
If you're into crypto or just watching the space, these gains show there's fresh energy across the market.
With coins like Solana, XRP, Ethereum, and BNB also ticking up, it's not just Bitcoin getting love—there's broader positive momentum across the crypto market.
What's behind the moves?
Big picture: Uncertainty is everywhere. Mixed US jobs data has traders on edge, while questions about the next Fed Chair and US economic stress are pushing some investors toward safer assets like Treasuries.
All eyes are now on upcoming US inflation numbers (CPI) for hints about future interest rate cuts—and what that could mean for riskier bets like Bitcoin.