Bitcoin’s gradual increase since the post-CPI correction continued in the past 24 hours, and the asset has exceeded $112,000 for the first time since 0 altcoins are slightly in the green, while HYPE has stolen the show with a 14% surge to $46. XRP has added 4% of value and sits at $2.65. BTC to Reclaim $112K Next? Bitcoin went on the offensive at the beginning of the business week when it surged by over six grand in hours from $117,500 to a multi-week peak of $114,000.
However, that rally was short-lived, and the subsequent correction was quite painful as BTC lost even more value than it had added and slipped to just over $106,000. All of this happened in the span of 24 1 bulls finally reemerged at this point and didn’t allow another leg down. Instead, bitcoin started to recover some ground and stood at $111,000 on Friday before the release of the US CPI data for 2 it became known that the inflation was not as bad as many feared, BTC jumped by a grand only to drop by more than two in the following hours. However, it recovered the losses by Saturday morning and knocked on the $112,000 3 it held at first, bitcoin jumped past it earlier today and even neared $113,000, where it was stopped, at least for 4 of now, its market cap has exceeded $2.240 trillion, while its dominance over the altcoins is down to 57.7% on CG.
BTCUSD.) and JUP (14%). WLFI has added 7.6% of value, while SUI, AVAX, HBAR, XLM, BCH, and XMR are up by up to 4% 5 total crypto market cap is up by around $40 billion in a day and is close to $3.890 trillion on 6 Market Overview Daily.
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