Bitcoin and Altcoins Prices Gain Ahead of the U.S. CPI Data
Cryptocurrency markets are already on edge today due to U.S. Consumer Price Index (CPI) inflation data, which may shape the market in the short term. This results in the Fear & Greed Index at a neutral score of 51, highlighting that marketers are waiting for confirmation. In terms of numbers, market capitalization increased by 1.87% on the day to $3.37 trillion. On the contrary, business volume dropped significantly by 26.43% to $127.16 billion.
Bitcoin price remains above $96,000
Despite the market fog, Bitcoin’s momentum has been building. In the past 24 hours, it has increased by 1.90% and is priced at $96,946.80. Subsequently, its market value surged 1.95% to $1.92 trillion. However, trading volume surged 23.76% to $55.16 billion, suggesting that the upcoming inflation report may cause trading volume to fall back.
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Altcoins Today: XRP Price Up 11.71%
Ethereum price rose 1.89% to $3,227.81 on the daily chart, solidifying its position as the leading altcoin. Solana followed suit, surging 1.85% to $188.89. However, XRP stole the show with a stunning gain of 11.71%, reaching $2.83.
Interested in accumulating some ETH before the altcoin season? read or Ethereum (ETH) Price Prediction 2025, 2026-2030 Potential price target!
Top Gainers and Losers
While Niu Chi Coin has performed strongly, the performance of small-cap stocks has been mixed. XDC Network was the biggest gainer, rising 17.51% to $0.1153. AI16Z and DeXe also surged by 16.01% and 14.47% respectively. In comparison, Fartcoin and Ondo suffered a sell-off that resulted in price losses of 7.06% and 3.04%, while Sui fell by 1.85%.
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FAQ
The global cryptocurrency market capitalization is $3.37 trillion, up 1.87% in the past 24 hours.
XDC Network led the market with a gain of 17.51%, followed by AI16Z and DeXe.
The Fear and Greed Index is 51, reflecting neutral market sentiment.