It was a wild day on the crypto market today, with Bitcoin crashing, even as softer inflation data hit, but Ethereum bouncing back strong. In other news, national payments giant Stripe has purchased local marketing automation tool Privy. This infrastructure startup for crypto wallets’ acquisition means even more mainstream integration of digital assets. Bitcoin (BTC/USD) traded at $108,619.39 as of 9:30 p.m. ET, having reached a high of $110,384.22 earlier in the day before retreating. Ethereum (ETH/USD) was trading at $2,772.61 around the same time after reaching a high of $2,877.63.

Bitcoin’s price retracement matched a spell of high liquidations across the crypto market. In the past four hours, roughly $293 million worth literally just disappeared. This included the short squeeze liquidation of $198 million in bullish long bets.

Ethereum, though, showed great resiliency, with its market dominance rising to 9.8%, its highest mark since late February. Market at a glance The global cryptocurrency market capitalization currently sits at $3.41 trillion, with a 1.46% drop in the last 24 hours.

Traditional markets also showed mixed performance. The CPI came in at 2.4% for May, which was below the economists’ consensus of 2.5%. The S&P 500 retreated 0.27% to settle at 6,022.24, while the Nasdaq Composite gave up 0.50%, finishing at 19,615.88. The price-weighted DJIA was just about unchanged, down 1.1 points to 42,865.77.

According to data from market intelligence provider Santiment, positive sentiment towards Bitcoin is at its highest since April of this year.

"There are more than double the amount of positive BTC comments vs. negative across social media, the highest ratio since Trump was elected over 7 months ago," - Santiment

According to Benzinga.com, Stripe’s acquisition of Privy has added significance as another sign of the movement to bring cryptocurrency technology to existing financial infrastructure.