Bitcoin Tops $109K, Igniting Broad Altcoin Rally Ahead of Key CPI Data
Bitcoin’s steady rise past $109,000 on Monday helped lift sentiment across the crypto market, with major altcoins notching sizable gains as traders look ahead to critical U.S. inflation data later this week.
Ethereum (ETH) surged over 7% in the past 24 hours, leading large-cap tokens higher. Dogecoin (DOGE) jumped more than 5%, trading close to $0.19 in the Asian afternoon, while Cardano (ADA) matched those gains amid a renewed appetite for risk following last week’s volatility.
The total crypto market capitalization climbed more than 3%, and the CoinDesk 20 Index (CD20)—a benchmark for broader market performance—advanced by 4%.
The rally follows a wave of market optimism fueled by resumed U.S.-China trade talks and anticipation around Wednesday’s U.S. CPI release, which may reshape interest rate expectations.
“Bitcoin surged near $110K as trade talks resumed and the SEC signaled support for new crypto ETFs, restoring bullish sentiment,” said Augustine Fan, Head of Insights at SignalPlus. “We expect the uptrend to continue as institutional and retail interest accelerates.”
Kay Lu, CEO of HashKey Eco Labs, said the sell-off triggered by the Trump-Musk headlines last week may have been overdone.
“The recovery suggests fundamentals are intact. CPI could serve as a critical pivot point for price action,” Lu noted.
Despite the upbeat tone, some voices urged caution.
“This market cycle is likely to be more complex,” said Jeff Mei, COO of BTSE. “With more crypto exposure channels—ETFs, corporate treasuries, and stablecoin platforms—investors have a broader toolset, and that changes how rallies form.”
Nick Ruck, director at LVRG Research, pointed to bitcoin’s resilience above $109K as a sign of maturity.
“Even amid mixed macro signals, bitcoin has held firm. ETF momentum is helping reintroduce crypto into mainstream portfolios,” he said.
