Bitcoin Price Retraces After CPI Pump, BONK Dumps 11% Daily (Market Watch)

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Bitcoin’s price pumped hard yesterday and neared $60,000 after the CPI numbers came out, but lost all momentum and retraced by over two grand.

Most altcoins are quite sluggish on a daily scale. Yet, there are many big losers, such as BONK, RNDR, BRETT, PEPE, and WIF.The primary cryptocurrency dumped hard last Friday to a multi-month low of under $54,000. The asset bounced off during the weekend and pumped above $58,000, but that was short-lived. In a matter of hours, the bears returned and pushed it south once again.around $58,000 and $55,000. Later on during the week, BTC tried to exceed $59,000 but failed at its first attempt.

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