Bitcoin rose modestly early Wednesday after investors reacted to the latest U.S. inflation reading. The world’s largest cryptocurrency was up 2.7% over the past 24 hours to $98,863, according to CoinDesk data.

Bitcoin and crypto traders are nervously watching for whether the combined crypto market will drop below the key $3.2 trillion

Crypto prices today show Bitcoin above $95K, ETH down 3%, and Fartcoin surging by 42%. Meme coins DOGE and SHIB gained as markets recovered.

The fall comes after the cryptocurrency experienced a meteoric rise, fueled in part by the reelection of Donald Trump.

Legendary bitcoin and crypto investor Arthur Hayes has predicted when the bitcoin price and crypto market will

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

On Tuesday, the price of bitcoin returned above $97,000, as as speculation swirled within the crypto industry about a potential executive order on cryptocurrency during the first day of Donald Trump’s second presidency.