However, the cryptocurrency plummeted by over $1,500 in minutes shortly after, dumping to a 6-week low of under $27,000. The volatile rollercoaster continued in the following hours but in the opposite direction.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, BTC stands where it sat yesterday – at around $27,500. Its market cap is still just over $530 billion, while its market cap is inches away from 47%.
Ethereum also headed toward $1,900 during the pump phase of the CPI announcement but plummeted to under $1,800 hours later. It trades slightly above the latter as of now. Binance Coin, Ripple, Dogecoin, Polygon, Tron, and Shiba Inu are also slightly in the red on a daily scale. Cardano, Solana, Polkadot, and Litecoin, on the other hand, are with insignificant gains.
ATOM is the only notable gainer from the larger-cap alts. It has jumped by roughly 6% in the past 24 hours and trades above $10.Cryptocurrency Market Overview. Source: Quantify Crypto