Bitcoin has recently been on a rollercoaster ride ahead of the announcement of the US CPI numbers and the next FOMC meeting. Altcoins were also in the fray, but after the dust settled, TON emerged as the day's top performer, followed by FET and CASH. 🎢

Bitcoin briefly shot past $70,000 on Monday, but bears quickly intervened and pushed the asset south. This culminated in the price dropping to $66,000 on Tuesday. However, when the US announced better than expected CPI data for May, BTC flew back to $70,000. Currently, BTC is trading above $67,500.

Meanwhile, Toncoin is today's top performer among large-cap altcoins. TON jumped nearly 8% in a day and is near $7.7. KAS (6%) and FET (5%) followed suit.

In contrast, most meme coins are in the red zone. BRETT fell 10%, FLOKI 8.5%, BONK 5%, and WIF 4%. PEPE lost 3% of value and is below $0.000013.

The total crypto market cap is also calm under $2.6 trillion.

What do you think about this market turmoil? Come on, discuss it in the comments column! 👇