Bitcoin Stabilizes After CPI Data, CRO Leads Altcoin Gains
- Bitcoin Holds Support Above $110K
- CRO and XRP stand out with increases above 5%
- Cryptocurrency market surpasses $3,8 trillion
Friday's Consumer Price Index (CPI) figures sparked volatility in cryptocurrency markets, but Bitcoin (BTC) managed to end the period with a slight recovery. The leading cryptocurrency rose to $112.000 before falling below $111.500 and subsequently regaining momentum over the weekend.
The move comes after a week marked by strong fluctuations, when BTC plummeted from $112.000 to below $104.000 in a single day. At the start of the new week, the bulls returned to the charge and pushed the asset to $114.000, but the rally was quickly halted, sending the price back to the $106.500 range.
With US inflation figures below expectations, Bitcoin recovered some of its losses and remained around $111.000, ending the weekend close to $112.000. The cryptocurrency's market value rose to $2,23 trillion, with a 58% dominance over other digital currencies.
Among altcoins, most showed slight changes. Ethereum (ETH) and Binance Coin (BNB) were modestly in the red, while Solana (SOL), Cardano (ADA), Dogecoin (DOGE), HYPE, Chainlink (LINK), and Stellar (XLM) posted small gains.
Cronos' CRO token stood out, leading the rally, rising about 5% in the last 24 hours. XRP also showed significant appreciation, following the moderate optimism among investors following the release of economic data.
On the other hand, TRX fell more than 5%, trading below $0,30. The total cryptocurrency market cap remained stable at around $3,85 trillion, reflecting the balance between buying and selling forces after a week marked by volatile macroeconomic indicators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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