Crypto Price Today: Bitcoin rises to $26,100; BNB, XRP surge up to 4% ahead of US inflation data

The cryptocurrency markets were majorly trading higher on Tuesday ahead of key US inflation data later on the day and a two-day Fed monetary policy meeting on Wednesday.

Bitcoin (BTC) surged 0.91% to $26,100, whereas Ethereum (ETH) was above the $1,750 level. BTC volume stood at approximately $11.59 billion, rising 0.26% in the last 24 hours.

“Most cryptocurrencies rose in the past 24 hours ahead of the release of CPI data for May which is scheduled for today,” Edul Patel, Co-founder and CEO at Mudrex, said.

“Bitcoin traded at the US$26,000 level over the weekend following the low at US$25,675. BTC sees bulls attempt to break the resistance of US$26,300 level. However, currently the market sentiment remains largely bearish,” Edul added.