The crypto market today has gotten some relief, as the U.S. CPI data went down from 0.3% in January to 0.2% in February. Considering numbers on a yearly basis, inflation has dropped from 3.0% to 2.8%, which is against the prediction of 2.9%. Talking about the core inflation, which excludes food and energy prices, it has hit a multi-year low at 3.1%.
The above numbers led to the global crypto market cap edging up by 2.14%, to $2.7 trillion. However, the intraday trading volume fell by almost 15%, to $100.52 billion. In the meantime, the Fear & Greed Index dipped to 21, cautioning about the presence of fear in the market despite encouraging economic indicators.
Bitcoin Price Reaches $83k Amid Possible BTC Acquisition?
Bitcoin price today has been hovering above the $83k mark, with gains of 1.68% in 24 hours. With a press time market cap of $1.65 trillion, it enjoys a market share of 61%. Coming to business volumes, the numbers went down by over 21%. What has attracted Bitcoiners, is the U.S. government considering acquiring 1 Million Bitcoins as a part of its long-term economic strategy.
Curious about where Bitcoin is heading next? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
Altcoins Show a Mixed Bag?
Ethereum saw a slight pullback, sinking 0.39% in the last 24 hours. XRP, on the other hand, posted a healthy gain of 2.90%, amid XRP news around its ETF filing by Franklin Templeton. While Solana price inched up by 0.79%, reflecting the market’s cautious but positive sentiment toward major altcoins.
Interested in buying some XRP? Check our Ripple (XRP) Price Prediction 2025, 2026-2030!
Top Gainers
- Pi: Soared 15.17%, emerging as today’s top gainer
- Story IP: Jumped 11.89%, showing strong momentum
- TIA: Gained 13.40%, rounding out the top three performers
Top Losers
- HYPE: Fell 5.72%, leading today’s losers
- TAO: Declined 3.13%
- FLR: Dropped 3.02%
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FAQs
The price of 1 Bitcoin at press time is $83,195.48.
Pi Coin, Celestia, and Story IP are today’s top gainers, posting double-digit percentage gains.
Ethereum experienced a minor dip of 0.39% over the past 24 hours.
