The crypto market is experiencing major volatility ahead of the release of US PCE inflation data. Bitcoin has retreated after rising to $106,000, while Ethereum and other altcoins are on an uncertain course. So, what is behind this volatility?

Bitcoin Price Fluctuates: Hits $106K
Bitcoin (BTC) has shown significant price movements in the last 24 hours. BTC, which climbed to $ 106,000 during the day, then fell to $ 104,000. The source of the uncertainty in the market is the PCE inflation data to be announced in the US. This data may provide important clues about the interest rate policies of the US Federal Reserve (FED) and may cause fluctuations in the crypto market. For now, investors are taking a cautious approach. Bitcoin's futures open position decreased by 2% to $ 64.91 billion.

Movements in Ethereum, XRP and Solana
Ethereum (ETH) rose 0.5% during the day to $3,227. The 24-hour price action ranged between $3,179 and $3,282. Crypto analyst Ali Martinez says whales are buying large amounts of Ethereum. Around 100,000 ETH was collected in the recent drop, indicating increased investor confidence and signals a potential rally.
XRP has lost 1% in the last 24 hours, falling to $3.09. Its long-term consolidation at $3 suggests that a major breakout may occur soon. Solana (SOL) fell 2% to $235. The lowest price during the day was recorded at $235.39, while the highest was recorded at $244.33. SOL’s movements continue in line with the general market trend.

Today's Biggest Gainers and Losers Cryptocurrencies
Some altcoins gained value despite the overall market decline. The top gainers were:

  • JasmyCoin (JASMY): $0.03261, up 30%

  • DeXe (DEXE): Up 21% to $20.48

  • Arweave (AR): Up 18% to $15.76

The biggest losers are listed as follows:

  • Trump (TRUMP): $25.50, down 9%

  • Jupiter (JUP): 8% down at $1.04

  • Pudgy Penguins (PENGU): down 7% to $0.01419

Latest Situation in the Crypto Market: The Wait Continues
The crypto market is focused on the release of US PCE inflation data. While the global market cap remained stable at $3.5 trillion, daily trading volume decreased by 16% to $105 billion. Investors continue to monitor market activity in light of the upcoming data.