💥Bitcoin and top altcoins fell after US CPI dropped to 2.4%, Here are the latest news from the crypto market.
The cryptocurrency market today saw a decline of 2.26% in the past 24 hours, bringing the market capitalization to $2.13 trillion. Meanwhile, the trading volume has decreased by 4.24%.
💥US consumer price index falls to 2.4%
👉Today, the US consumer price index (CPI) fell to 2.4%, slightly higher than the expected 2.5%, indicating minor economic fluctuations.
This has changed investor sentiment, leading to a bit of turmoil in the crypto market. As inflation concerns persist, the overall value of the crypto market has fallen.
💥BTC Price Drops 2.43% to $60,000
👉Bitcoin is also under general pressure in the market, causing the asset's price to drop 2.43% to $60,834. The drop took the community by surprise as it came after a week of strong growth and optimism about a recovery.
This shows that current macroeconomic conditions and changes in CPI have affected the price of BTC, but analysts believe that this is also a good opportunity for Bitcoin to correct and regain control.
💥What are the prices of other Altcoins?
👉The altcoin market also saw a similar decline. Ethereum fell 1.87% to $2,386. However, with some support on the network in the coming days, ETH prices could recover.
Solana and XRP also followed suit, falling 2.51% to $139.03 and XRP down 0.96% to $0.5274, respectively.
On the other hand, Uniswap led the way with a staggering 8.97% gain, while Chiliz and Mantra also gained 3.61% and 3.02% respectively, making them notable tokens to record growth in the current scenario.
