Bitcoin Surges Following Inflation Data While DOGE and XRP Remain Focused

Bitcoin Surges Post-Inflation Data; DOGE and XRP Hold Steady

Bitcoin (BTC)

Following the release of inflation data, Bitcoin's price soared to $98,865. Despite meeting expectations, the data has yet to ignite significant activity in the cryptocurrency market. Spot Bitcoin ETFs witnessed a $438.5 million inflow, with BlackRock's ETF leading at $295.6 million. The sustained demand above $97,500 suggests potential for further rallies.

Dogecoin (DOGE)

DOGE remains trapped between $0.35 and $0.45 weekly price levels. Maintaining support above $0.38 indicates positive momentum, with a test at $0.45 likely to trigger upward movement.

XRP and ADA Coin

Post-SEC Chairman Gary Gensler's departure announcement, XRP's price surged. While it remains below its all-time high of $3, it holds above $2.3. Key events like the SEC chairmanship approval and potential developments in crypto lawsuits could push it towards $4.

ADA Coin gained 7% to $1.07. With support at $0.914, bulls aim to reclaim $1 and push for $1.15. Establishing support at this level could pave the way for targets of $1.24 and $1.32.