Bitcoin’s price faced enhanced volatility after the latest CPI data from the US but has managed to register impressive gains and now sits above $58,000.Bitcoin’s weekend was somewhat sluggish as the asset had fallen below $53,000 on Friday but stood primarily above $54,000 on Saturday and Sunday. The beginning of the new business week started with a minor increase toward $55,000 before the assethard to $55,500 after the US CPI numbers came out.
BTC reacted badly to the news at first as it dumped from $57,000 to $55,500. However, the bulls regrouped and initiated a notable leg up in the following hours thatThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Despite failing to conquer that level yet, BTC is still more than 3% up on the day. Its market cap has jumped to $1.150 trillion, while its dominance over the alts is up to 53.9% on CG.
Other impressive gainers from the larger-cap alts include NEAR , KAS , FET , and STX . SUI has emerged as the top performer by surging with over 15%. Consequently, SUI now trades above $1.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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