TON, ONDO, and PENGU are also in the red, while some Trump-linked tokens are rising by 4-5% daily.
Yesterday’s US CPI announcement showed a rise in inflation likely due to the war against Iran, and Bitcoin fell below $80,000, but managed to rebound almost immediately.
Binance coin once again surpassed XRP in terms of market capitalization after a 2.5% increase, while DOGE strengthened its position in the top 10 altcoins after a 2% increase.
BTC rebounds after CPI
The underlying cryptocurrency peaked at nearly $83,000 last Wednesday Subsequent rejection payment South to $79,100 by Friday. A gradual recovery began after this bounce, and BTC reclaimed the $80,000 mark over the weekend.
More volatility ensued on Monday morning as the old financial markets opened. The cryptocurrency first fell to $80,250 from $81,500 before rising to $82,500 after reports that Iran had sent another peace proposal to the United States. However, the President of the United States quickly rejected this, and Bitcoin fell by $2,000 in minutes.
He tried another hack on Tuesday, but that was it to stop Again at $82,000. Consumer Price Index numbers Announce Yesterday confirmed that inflation is rising, and Bitcoin fell just hours after reaching below $80,000. However, it has responded well and is now at around $81,000.
Its market cap remains sideways at around $1.620 trillion, while its dominance in altcoins is still well above 58% on CG.
BNB coin flips XRP coin
The battle for fourth place in terms of market cap continues, and Binance’s native token has come out on top in the last 12 hours or so. BNB price rose by 2.5%, which helped it outpace XRP as the latter remained sideways. HYPE, CC, BCH, TAO and SUI appear slightly in the red daily, while DOGE is trading above $0.11 after another 2% daily increase.
The biggest gainer today was NEAR, rising nearly 6% to $1.64. STABLE follows, while WLFI and TRUMP are also in green like POTUS gold To China to meet Xi Jinping.
In contrast, VVV fell more than 17% daily to below $15. ONDO, TON and PENGU are also in the red.
The total market capitalization of cryptocurrencies remains at approximately $2.780 trillion.
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