Bitcoin Holds $96K as US CPI Report Shows 2.9% Increase?

The cryptocurrency industry continues its cautious sentiment, with market capitalization rising 0.29%, now reaching $3.4 trillion. Despite this modest growth, trading volume fell by 25.49% over the past 24 hours, reaching $123.4 billion. Market sentiment remains balanced, as reflected in the Fear and Greed Index, which stands at a neutral score of 51, indicating a wait-and-see approach by investors. Speaking of US CPI inflation numbers, they now stand at 2.7%.

Bitcoin maintains its position amid macroeconomic concerns

Bitcoin maintained its position, registering a marginal increase of 0.27% over the past 24 hours. With its price now at $96,565.19 and a market cap of $1.91 trillion, the cryptocurrency is consolidating its role as a market anchor. Meanwhile, rising open interest in Bitcoin futures highlights the risks posed by excessive leverage in the derivatives market.

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Mixed trends in altcoins

Ethereum registered a meager gain of 0.02%, settling at $3,189.39, while Solana and XRP showed contradictory movements. Solana saw a slight decline of 0.24%, to trade at $186.20, while XRP rose 7.30%, to $2.75. XRP’s remarkable performance underscores its continued appeal to investors amid ongoing market volatility.

Explore our site Ethereum price prediction To understand its future path.

Top winners

• Dixie: $15.97 (+15.05%)
• AI16Z: $1.32 (+13.30%)
• hypothetical: $2.94 (+9.97%)

Biggest losers

• Jasmi: $0.02701 (-8.91%)
• Vartcoin currency: $0.9975 (-7.62%)
• makes: $6.77 (-4.52%)

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