Current Situation in Bitcoin and Cryptocurrencies Before U.S. Inflation Data - Coin Bulletin

Bitcoin (BTC) is taking a breather around $98,000 after a strong rally, and volatility is expected in the market with the upcoming inflation data to be announced soon. Please provide the text to be translated. On an annual basis, the US Consumer Price Index (CPI), which has an expectation of %2.7, will be announced at 16:30 GMT today. It is expected that these data will bring significant volatility to Bitcoin, and it is considered that it will reveal a roadmap as to whether these levels will be a peak or whether the recent rise will continue. Please provide the text to be translated. The previous inflation figure was announced as %2.6 in line with expectations and triggered a $450 increase in Bitcoin. Later on, Bitcoin surpassed $100,000, marking a major turning point. Please provide the text to be translated. According to CoinGecko data, Bitcoin is trading at $98,243 after experiencing a 1.1% increase in the last 24-hour period before the US inflation data. Please provide the text to be translated. According to market value, the current situation is as follows in the top 10 cryptocurrencies: Please provide the text to be translated.

  • Ethereum (ETH) %1,2 with a 3.723 rise,
  • BNB (BNB) down by 1.1% to 688,
  • Ripple (XRP) %11,6 rose to 2,38,
  • Dogecoin (DOGE) 2.1% rise to 0.403,
  • Solana (SOL) %6.4 up to 225,
  • Cardano (ADA) is trading at $1.07 with a 9.2% decline. Please provide the text to be translated. The total market value of Bitcoin is 194 trillion dollars, while the total value of the cryptocurrency market is hovering around 3.69 trillion dollars.
BTC0.84%
LL-0.35%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)