Bitcoin price rebounds after Monday's crash, reaching a weekly high near $98,000. Altcoins also see gains ahead of the US CPI announcement, which is expected to bring volatility.
Bitcoin experienced a surge in price following a significant crash on Monday night, reaching a weekly high of nearly $98,000 earlier today. Altcoins also witnessed notable gains ahead of the US CPI figures, anticipated to trigger substantial market volatility. \The leading cryptocurrency endured a volatile week, soaring above $102,000 last Tuesday before plummeting in subsequent days. The decline culminated last Thursday when BTC sank to a monthly low of $91,250.
While it rebounded and reclaimed some ground, the downward trend intensified at the beginning of the current week. As reported on Monday, a resurgence of bullish sentiment prevented further losses. Instead, Bitcoin embarked on a rapid recovery, surging past $96,000 yesterday. It continued to climb steadily in the early hours of Wednesday, reaching near $98,000 for the first time in a week. \Despite briefly hitting this milestone, Bitcoin retreated slightly, trading around a thousand dollars lower as anticipation builds for today's CPI announcement. Its market capitalization remains firmly above $1.9 trillion, though its dominance has dipped to 54.6% on CoinGecko. Other notable altcoins, including Solana and Stellar, have gained approximately 10% in the past 24 hours, surpassing $2.8 and $0.45 respectively. Cardano also stands out among the gainers. Other altcoins seeing minor increases today include DOGE, TON, AVAX, and LINK. Conversely, ETH, SOL, BNB, TRX, and SUI have incurred losses within the same timeframe.
Bitcoin Altcoins CPI Volatility Crypto Market
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Rebounds to $99,000, Altcoins SurgeBitcoin price witnessed a significant rebound, reaching a multi-week high of $99,000 before facing some resistance. Many altcoins, including Ethereum, Dogecoin, Solana, and others, also saw impressive gains within the same timeframe. This recovery comes after a period of bearish sentiment following the mid-December crash.
Read more »
Bitcoin Rebounds from $89K Low as Traders Await CPI ReportBitcoin (BTC) price showed a sharp rebound from its intraday low of $89,000 on Monday, leaving behind a long-legged doji candlestick pattern that suggests potential bottom formation. Traders are now looking ahead to Wednesday's U.S. CPI report, which could impact expectations for Fed rate cuts and potentially influence BTC's price direction.
Read more »
Litecoin and Bitcoin Surge: Miners Drive Litecoin Rally, Bitcoin Rebounds Past $107,000Litecoin experiences a significant price surge fueled by miner acquisitions, while Bitcoin recovers from profit-taking and continues its upward trend.
Read more »
Bitcoin Price Edges Down Ahead of Fed Decision, Altcoins CorrectBitcoin (BTC) price slightly decreases to around $104,100 before the US Federal Reserve's interest rate announcement. Meanwhile, Cardano (ADA) and Avalanche (AVAX) face double-digit corrections, while Ripple (XRP) rises 3% after investors realize $1.5 billion in profits following the launch of its RLUSD stablecoin.
Read more »
Bitcoin Price Slumps to One-Month Low as Altcoins StruggleBitcoin (BTC) experienced a significant price drop, hitting its lowest point in over a month before recovering slightly. The cryptocurrency market is generally sluggish, with major altcoins like Ethereum (ETH) and Chainlink (LINK) also facing declines.
Read more »
Bitcoin Price Plummets, Altcoins Suffer Sharp LossesBitcoin's price experienced a significant drop, falling back below $93,000 after briefly reaching $96,000. Altcoins were hit even harder, with notable declines in ADA, SUI, AVAX, LINK, and others. The cryptocurrency market capitalization has also decreased by another $100 billion.
Read more »