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Reading: Bitcoin Holds $96k as U.S. CPI Report Shows 2.9% Increase?
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EdaFace Newsfeed > Latest News > Crypto News > Bitcoin Holds $96k as U.S. CPI Report Shows 2.9% Increase?
Crypto News

Bitcoin Holds $96k as U.S. CPI Report Shows 2.9% Increase?

vitalclick
Last updated: January 15, 2025 1:45 pm
4 months ago
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Contents
Bitcoin Holds Its Ground Amid Macro ConcernsMixed Trends in AltcoinsTop GainersTop LosersFAQsShare this crypto insight with your network!
Crypto News Today

The cryptocurrency industry continues its cautious sentiment, with the market cap ticking upward by 0.29%, now at $3.4 trillion. Despite this modest growth, trading volume has plummeted by 25.49% in the last 24 hours, reaching $123.4 billion. Market sentiment remains balanced, as reflected by the Fear & Greed Index, which stands at a neutral score of 51, suggesting a wait-and-see approach from investors. Talking about the U.S. CPI inflation numbers now stands at 2.7%.

Bitcoin Holds Its Ground Amid Macro Concerns

Bitcoin has maintained its position, registering a marginal 0.27% increase in the last 24 hours. With its price now at $96,565.19 and a market cap of $1.91 trillion, the cryptocurrency solidifies its role as a market anchor. Meanwhile, high open interest in Bitcoin futures highlights the risks posed by excessive leverage in the derivatives market.

For a detailed look at Bitcoin’s price movements, check out our Bitcoin Price Prediction.

Mixed Trends in Altcoins

Ethereum has posted a negligible 0.02% gain, holding steady at $3,189.39, while Solana and XRP displayed contrasting movements. Solana experienced a minor dip of 0.24%, trading at $186.20, whereas XRP surged by 7.30%, reaching $2.75. XRP’s notable performance underscores its continued appeal to investors amidst ongoing market fluctuations.

Explore our Ethereum Price Prediction to understand its future trajectory.

Top Gainers

  • DeXe: $15.97 (+15.05%)
  • AI16Z: $1.32 (+13.30%)
  • VIRTUAL: $2.94 (+9.97%)

Top Losers

  • JASMY: $0.02701 (-8.91%)
  • FARTCOIN: $0.9975 (-7.62%)
  • RENDER: $6.77 (-4.52%)

Subscribe to stay updated for more insights into the evolving cryptocurrency landscape.

FAQs

What is the current global crypto market cap?

The global cryptocurrency market cap is $3.4 trillion, up by 0.29% in the last 24 hours.

Which tokens are the top gainers today?

DeXe, AI16Z, and VIRTUAL lead today’s gainers with significant percentage increases.

What does the Fear & Greed Index indicate?

The Fear & Greed Index stands at 51, indicating neutral market sentiment.

Share this crypto insight with your network!

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