Bitcoin’s price action saw a significant increase over the last 24 hours, soaring to approximately $96,500, marking a two-month high across most exchanges.

Major altcoins benefited from this uptick, with Ethereum rising above $3,300 and Cardano surging by over 8%.

Bitcoin Hits Two-Month Peak

After experiencing a lackluster weekend below $91,000, Bitcoin rebounded as bullish momentum returned. The asset battled to hold its ground around $92,400, especially following the release of lower-than-expected US CPI figures on Tuesday, which helped catalyze its rise.

Trump’s remarks triggered additional interest, propelling Bitcoin to tap $96,500 shortly thereafter, though it later settled at approximately $95,000. Its market cap now stands at nearly $1.9 trillion, maintaining a dominance of 56.9% over altcoins.

Altcoins Following Suit

Ethereum established itself among the top gainers, increasing more than 6%. Other notable moves included XRP nearing $2.15, while Cardano surged to $0.42 and XLM jumped by 9% to $0.24. Overall, the total cryptocurrency market cap expanded by $110 billion, exceeding $3.330 trillion.