Bitcoin Breaches $31,000 After Inflation Data. Traders Bet on More Crypto Gains.

and other cryptocurrencies were rising Friday as key inflation data buoyed investor sentiment, with crypto traders skewing bullish and betting on more gains for digital assets. The price of Bitcoin has climbed 1% over the past 24 hours, briefly topping $31,000 after the release of key U.S. inflation data and settling just below that level. The largest digital asset is close to its recent peak near $31,500, which represents Bitcoin’s highest level since last June.