The Latest Situation in Bitcoin and Cryptocurrencies Before US Inflation Data - Coin Bulletin

Bitcoin (BTC), after a slight rise, is taking a breather around the $97,000 level, with volatility expected in the market following the upcoming inflation data release.

On an annual basis, the US Consumer Price Index (CPI), which is expected to be 2.9%, will be announced at 16:30 GMT today. It is expected that these data will bring significant volatility to Bitcoin, providing a roadmap for whether these levels will be the peak or if the recent uptrend will continue.

The previous inflation data was announced at %2.7, parallel to the expectations of %2.7, triggering an $800 increase in Bitcoin. Later on, Bitcoin experienced a significant decline in the following days.

According to CoinGecko data, Bitcoin has experienced a 1% increase in the last 24 hours before US inflation data and is trading at $97,025.

According to market value, the current situation is as follows in the top 10 cryptocurrencies:

• Ethereum (ETH) %0,7 rose by 3.209
• BNB (BNB) down 0.1 692,
• Ripple (XRP) rose 8% to 2.76,
• Dogecoin (DOGE) %1,2 rose by 0.351,
• Solana (SOL) %0,1 rose by 186,
• Cardano (ADA) is trading at 1 dollar with a 4 percent increase.

Bitcoin's total market value is $1.92 trillion, while the total value of the cryptocurrency market is at $3.52 trillion levels.