Bitcoin (BTC) and other leading cryptocurrencies, including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), have experienced significant gains after a recent underperformance. BTC has charted a substantial price increase on a 24-hour scale. This resurgence comes on the back of increased US consumer spending and an inflation rate above the Federal Reserve’s target of 2%.
Meanwhile, BTC’s market cap has risen to nearly $1.9 trillion, and its dominance over alternative coins is around 57%. ETH, in particular, hit a six-month high of almost $3,700 amid increased spot Ether ETF inflows in the United States. Binance Coin (BNB) and Cardano (ADA) also experienced 5% and 4% daily spikes, respectively.
Other cryptocurrencies in green territory include Ripple (XRP), Shiba Inu (SHIB), Dogecoin (DOGE), and more. However, Stellar (XLM) saw a minor decline today (November 28). The total market capitalization of the cryptocurrency sector currently stands at $3.46 trillion, representing a 1.5% jump from November 27.
Source
<p>The post Bitcoin and Altcoins Surge Amid Rising Inflation and US Consumer Spending first appeared on CoinBuzzFeed.</p>
