Bitcoin (BTC) continues its recovery, trading above $97,000 on Wednesday after retesting its key psychological level at $90,000 earlier this week. The upcoming US Consumer Price Index (CPI) data release could bring volatility to Bitcoin, and traders should watch for it.

XRP, Bitcoin and other cryptos were falling early Monday, suffering from fears that the monetary easing cycle may not continue at pace this year. The price of the world’s largest digital coin, Bitcoin,

Bitcoin, XRP and other cryptocurrencies are rising in price early Tuesday. The world’s largest digital coin, Bitcoin, is up 5.4% over the last 24 hours to last trade at $96,564 according to CoinDesk data.

On Wednesday, the price of bitcoin continued rising, surging to over $99,000 as it looked poised to return to the $100,000 mark, driven by new inflation data. Minutes after the U.S. Bureau of Labor Statistics unveiled new data from the Consumer Price Index, bitcoin’s price jumped by $1,500, representing a 2% price improvement for the day.

Bitcoin extended its rebound on Wednesday, hovering below the $100,000 after another encouraging inflation report stirred risk-on appetite.