CandleFocus Bitcoin Bounces Back From CPI Dip as BNB Breaks $700 (Market Watch)
2025-02-13
Author: Content Editor
Bitcoin experienced some volatility in the previous week, with its price swinging between $96,000 and $98,000. It briefly reached $100,000 but was ultimately pushed back down. After the release of worse-than-expected US CPI data, Bitcoin's price dropped to $94,000 but quickly recovered and currently sits at around $96,000. Its market capitalization remains at over $1.9 trillion, but its dominance over other cryptocurrencies has decreased to 57.6%. Ethereum briefly surged after positive news about a spot staked ETH ETF but has since lost most of its gains and is below $2,700 again. BNB, SUI, and HYPE have emerged as the biggest gainers among larger-cap altcoins, with BNB adding 9.5% and trading above $700. The overall crypto market cap remains at just over $3.3 trillion.
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