Bitcoin has remained flat at around $27,500 for the past day, but that is likely to change later today as the US is set to announce the CPI numbers for April.BTC Stalls at $27.5K
Bitcoin initiated an impressive leg-up at the end of last week that culminated in nearing $30,000 on Saturday morning. The subsequent rejection, though, pushed the asset south hard, and it found itself slipped to and below $29,000.for the worse once again on Monday and Tuesday. BTC first slipped to $28,000 before the bears drove it south to a weekly low of $27,300 yesterday.
Since then, bitcoin has managed to reclaim some ground and currently stands at $27,500. More volatility is expected later today when the US CPI numbers for April come out. Here are theAlicia BakeryThis 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’s market cap stands inches above $530 billion, while its dominance over the altcoins is just shy of 47%.
In contrast, BNB, MATIC, ADA, and DOT have charted insignificant daily losses. The most substantial gainers come from the top 100 alts – KAVA and Bitcoin SV. Both are up by over 10% in a day. Overall, though, the total crypto market cap has remained flat since yesterday at $1.140 trillion. Nevertheless, the metric is down by more than $65 billion since the weekend.