BONK, RNDR and AKT are among the worst performing currencies today.
The price of Bitcoin rose sharply yesterday, approaching $60,000 after the release of CPI data, but lost all momentum and withdrew more than $2,000.
Most counterfeit coins are quite sluggish on a daily basis. However, there are also many big losers, such as BONK, RNDR, BRETT, PEPE and WIF.
BTC plummeted after the soaring CPI:
Last Friday, major cryptocurrencies fell sharply to a monthly low of less than $54,000. The asset rebounded over the weekend and exceeded $58,000, but it was just a flash in the time. A few hours later, the shorts made a comeback and pushed it down again.
This week's opening fluctuated again, with another surge and plunge at about $58,000 and $55,000. Later this week, BTC tried to break through $59,000, but its first attempt failed.
However, the U.S. CPI data (yesterday) was better than expected. This caused the price to soar immediately to a daily high of $59,500. However, shorts once again got out of trouble and pushed for another round of decline, causing BTC to fall by more than $2,000.
So far, the price of Bitcoin is slightly higher than $57,000. Its market value is less than $1.130 trillion, and its dominance over counterfeit coins in CG is less than 51%.