Bitcoin, Ether Remain Stagnant; Unaffected By CPI Numbers
By Laxmikant Khanvilkar
The past 24 hours failed to deliver anything interesting in terms of Bitcoin’s price development as it’s completely devoid of volatility and any kind of action.
The price remains in the tight consolidation range of around $29K, and if we exclude the recent attempt to break $30K, the market is completely paralyzed.
Ether, the second largest cryptocurrency, was trading around $1850, down by 0.14% in the last twenty four hours.
Interestingly, even the CPI numbers that came out earlier this week didn’t result in enhanced volatility, which used to be the case up until a few months ago.
Some altcoins, though, have performed a lot better than BTC for the same 7-day period. Such is the case with Solana, Chainlink, TONCOIN, HBAR, and OKB. All of these have surged by somewhere between 6 and 9% on a weekly scale.
Nevertheless, Shiba Inu has taken the main stage from the larger-cap alts. SHIB has soared by more than 16% since last Friday and trades above $0.00001.
Rollbit Coin has emerged as the top performer within the same timeframe, having added over 76% of value. This has helped RLB find a place within the top 100 largest digital assets by market cap.
The global crypto market cap is $1.17T, a 0.16% decrease over the last day. The total crypto market volume over the last 24 hours is $22.88B, which makes a 11.95% decrease. The total volume in DeFi is currently $1.94B, 8.49% of the total crypto market 24-hour volume. The volume of all stable coins is now $21.66B, which is 94.69% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 48.77%, an increase of 0.00% over the day.
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