Bitcoin holds above $83,000 ahead of U.S. inflation data as altcoins lag

Bitcoin BTC $83,212.45 was trading around $83,450 in the European morning after briefly spiking to $84,000 at 08:00 UTC, having bounced from a low of $80,970 on Tuesday. Altcoins struggled to follow, with the CoinDesk 80 falling 0.6% since midnight UTC while the CoinDesk 20 added 0.2%, leaving close to two-thirds of the CoinDesk 100’s members lower. CoinMarketCap’s Altcoin Season index slipped to 55 from 60 a week ago. Some pressure eased overnight after New York Fed President John Williams said he saw no need for interest-rate increases in 2027, though he left the door open to one more this…