CandleFocus BTC Rises Above $58K Following CPI Data, BNB and ADA Jump by 6% (Market Watch)
2024-09-12
Author: Content Editor
Bitcoin's price experienced increased volatility after the release of the latest CPI data from the US, but it has managed to make impressive gains and is now trading above $58,000. Many altcoins, including BNB and ADA, have also seen significant increases in the range of 5-6%. Bitcoin's price over the weekend fluctuated between $53,000 and $55,000 before experiencing a notable increase to over $58,000. The US CPI numbers initially caused a dump in Bitcoin's price, but bulls regrouped and pushed it to an 8-day peak of nearly $58,500. Altcoins like ETH, SOL, XRP, DOGE, TRX, and SHIB also saw minor gains, while ADA, BNB, NEAR, KAS, FET, STX, and SUI experienced more significant surges. The total crypto market cap has increased by over $35 billion and is now close to $2.140 trillion.
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