Bitcoin hovered around $102,000 on Friday as crypto markets struggled to sustain a rebound, weighed down by renewed caution in global equities and a stronger dollar. The total crypto market capitalization edged up 1% in the past 24 hours to $3.4 trillion, its first gain after four straight days of decline, though traders remain wary that the move is little more than a pause in the selloff. The slight uptick came as investors rotated out of major tech names, unwinding parts of this year’s artificial intel ...

Soft U.S. inflation data for August is — at least temporarily — pushing crypto prices higher early Wednesday. The Producer Price Index (PPI), which measures inflation at the wholesale level, fell 0.1% month-over-month in August, compared to analyst estimates of a 0.3% rise and the previous month's 0.9% increase. Year-over-year, PPI grew by 2.6%, down from 3.1% previously and sharply lower than forecasts for 3.3%. The core PPI, which strips out food and energy costs, also fell 0.1% in August verus a forec ...