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Bitcoin Climbs to $111,200 Tracking Global Market Optimism
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Bitcoin rebounded to $111,200 after a week of losses, mirroring improved global risk appetite and cooling inflation data.
Bitcoin rose 1.3% to $111,200, ending a five-day slide as broader market sentiment turned positive. The rebound followed cooling U.S. inflation data and renewed risk appetite in equities. Analysts said the token’s move reflects its growing correlation with macroeconomic trends and investor confidence in digital assets as a legitimate alternative amid easing financial volatility. Ethereum also edged up 0.7% to $3,820.