BTC, XRP, and AIXBT Lead Recovery Ahead of US CPI Inflation Data
The post BTC, XRP, and AIXBT Lead Recovery Ahead of US CPI Inflation Data appeared on BitcoinEthereumNews.com.
The cryptocurrency market today witnessed a broad recovery, with Bitcoin (BTC) regaining momentum and crossing the $97K mark after dipping to a low of $89K earlier this week. Traders are now focused on the U.S. Consumer Price Index (CPI) inflation data, set to be released today, which could significantly impact market direction in the coming days. Ripple’s XRP continued its upward trend, gaining 12% in the last 24 hours, making it the best-performing coin among the top 10 cryptocurrencies. AIXBT also posted strong gains, rising by 43%, contributing to the overall positive market sentiment. The global crypto market cap climbed to $3.38 trillion, up 2.45% over the last 24 hours. However, the trading volume saw a sharp drop of 29%, standing at $123 billion. The Fear and Greed Index remained neutral at 51, reflecting a cautious yet balanced market sentiment as investors anticipate the CPI report’s impact. Cryptocurrency Market Today: BTC, ETH, XRP, and SOL Show Bullish Signs The cryptocurrency market today is showing signs of recovery after a month of downward momentum. Bitcoin (BTC) reclaimed the $97K level, while Ethereum (ETH) and Solana (SOL) gained approximately 2% in the last 24 hours. XRP remained the top performer, surging 12%. Meanwhile, long-time Bitcoin holder Anthony Pompliano has urged former U.S. President Donald Trump to consider creating a Bitcoin national reserve to strengthen economic stability. Bitcoin Price Today Bitcoin price today was trading at $96,975, marking a 2.5% increase over the last 24 hours. The 24-hour low and high for BTC stood at $94,757 and $97,504, respectively. According to Farside Investors, BTC ETFs recorded an inflow of $9.7 million. WisdomTree led the purchases, adding $10 million to its holdings, while Bitwise offloaded $9 million. BlackRock’s ETF data is still anticipated, keeping market participants watchful. Ethereum Price Today Ethereum price today was…
Filed under: News - @ January 15, 2025 6:25 am