Bitcoin has been on a choppy track following the latest CPI data from the US, but has made impressive gains topping $58,000. 🎉

Altcoins have performed similarly, with BNB and ADA up 5-6% on the day to reach $540 and $0.35, respectively.

BTC fell below $53,000 over the weekend, but surged to $55,000 at the start of the week before surpassing $58,000. After a brief dip following the CPI data, bulls have rallied to take BTC to $58,500.

Altcoins are also in the green. ETH, SOL, XRP, DOGE, TRX, and SHIB have all made small gains. ADA and BNB are notable for their 6% gains, while SUI has risen 15% to above $1.

Total crypto market cap increased by $35 billion, approaching $2,140. 🚀