• bitcoinBitcoin (BTC) $ 70,104.00
  • ethereumEthereum (ETH) $ 3,782.02
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 618.16
  • solanaSolana (SOL) $ 178.35
  • staked-etherLido Staked Ether (STETH) $ 3,779.03
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.534599
  • dogecoinDogecoin (DOGE) $ 0.172058
  • the-open-networkToncoin (TON) $ 6.36
  • cardanoCardano (ADA) $ 0.493120
  • avalanche-2Avalanche (AVAX) $ 41.18
  • shiba-inuShiba Inu (SHIB) $ 0.000026
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 70,263.00
  • tronTRON (TRX) $ 0.123826
  • polkadotPolkadot (DOT) $ 7.66
  • bitcoin-cashBitcoin Cash (BCH) $ 513.09
  • chainlinkChainlink (LINK) $ 16.86
  • nearNEAR Protocol (NEAR) $ 7.79
  • uniswapUniswap (UNI) $ 9.54
  • matic-networkPolygon (MATIC) $ 0.729314
  • litecoinLitecoin (LTC) $ 87.96
  • fetch-aiFetch.ai (FET) $ 2.54
  • internet-computerInternet Computer (ICP) $ 13.26
  • pepePepe (PEPE) $ 0.000014
  • leo-tokenLEO Token (LEO) $ 5.98
  • daiDai (DAI) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 31.45
  • wrapped-eethWrapped eETH (WEETH) $ 3,925.80
  • render-tokenRender (RNDR) $ 11.06
  • hedera-hashgraphHedera (HBAR) $ 0.115788
  • aptosAptos (APT) $ 9.26
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,710.83
  • immutable-xImmutable (IMX) $ 2.50
  • filecoinFilecoin (FIL) $ 6.23
  • mantleMantle (MNT) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 8.77
  • crypto-com-chainCronos (CRO) $ 0.127589
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999612
  • stellarStellar (XLM) $ 0.112182
  • the-graphThe Graph (GRT) $ 0.335685
  • kaspaKaspa (KAS) $ 0.134076
  • arbitrumArbitrum (ARB) $ 1.19
  • blockstackStacks (STX) $ 2.14
  • okbOKB (OKB) $ 51.07
  • optimismOptimism (OP) $ 2.77
  • arweaveArweave (AR) $ 45.61
  • bittensorBittensor (TAO) $ 420.28
  • makerMaker (MKR) $ 3,043.67
  • dogwifcoindogwifhat (WIF) $ 2.81
  • suiSui (SUI) $ 1.14
  • vechainVeChain (VET) $ 0.036398
  • injective-protocolInjective (INJ) $ 27.65
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 138.20
  • theta-tokenTheta Network (THETA) $ 2.49
  • fantomFantom (FTM) $ 0.873943
  • flokiFLOKI (FLOKI) $ 0.000242
  • thorchainTHORChain (RUNE) $ 6.79
  • bonkBonk (BONK) $ 0.000033
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,188.59
  • lido-daoLido DAO (LDO) $ 2.20
  • galaGALA (GALA) $ 0.044649
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,897.87
  • celestiaCelestia (TIA) $ 9.70
  • pyth-networkPyth Network (PYTH) $ 0.470326
  • sei-networkSei (SEI) $ 0.564791
  • jupiter-exchange-solanaJupiter (JUP) $ 1.21
  • coredaoorgCore (CORE) $ 1.82
  • bitget-tokenBitget Token (BGB) $ 1.12
  • algorandAlgorand (ALGO) $ 0.187618
  • flowFlow (FLOW) $ 0.962593
  • whitebitWhiteBIT Coin (WBT) $ 10.02
  • aaveAave (AAVE) $ 97.15
  • quant-networkQuant (QNT) $ 98.27
  • starknetStarknet (STRK) $ 1.24
  • beam-2Beam (BEAM) $ 0.028169
  • singularitynetSingularityNET (AGIX) $ 1.07
  • akash-networkAkash Network (AKT) $ 5.80
  • bitcoin-svBitcoin SV (BSV) $ 68.81
  • ondo-financeOndo (ONDO) $ 0.932010
  • ethenaEthena (ENA) $ 0.873175
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.12
  • flare-networksFlare (FLR) $ 0.028613
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.54
  • cheeleeCheelee (CHEEL) $ 20.24
  • axie-infinityAxie Infinity (AXS) $ 7.92
  • neoNEO (NEO) $ 15.99
  • chilizChiliz (CHZ) $ 0.126108
  • elrond-erd-2MultiversX (EGLD) $ 40.64
  • worldcoin-wldWorldcoin (WLD) $ 5.11
  • msolMarinade Staked SOL (MSOL) $ 212.14
  • gatechain-tokenGate (GT) $ 8.18
  • the-sandboxThe Sandbox (SAND) $ 0.467088
  • zebec-protocolZebec Protocol (ZBC) $ 0.020352
  • wormholeWormhole (W) $ 0.578796
  • ecasheCash (XEC) $ 0.000052
  • roninRonin (RON) $ 3.17
  • eosEOS (EOS) $ 0.866175
  • jasmycoinJasmyCoin (JASMY) $ 0.020397
  • kucoin-sharesKuCoin (KCS) $ 10.22
  • tezosTezos (XTZ) $ 0.990191
  • safeSafe (SAFE) $ 2.28
  • pendlePendle (PENDLE) $ 6.28
  • conflux-tokenConflux (CFX) $ 0.240216
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,805.76
  • havvenSynthetix Network (SNX) $ 2.90
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,779.81
  • aioz-networkAIOZ Network (AIOZ) $ 0.861496
  • ordinalsORDI (ORDI) $ 44.79
  • mina-protocolMina Protocol (MINA) $ 0.833793
  • ribbon-financeRibbon Finance (RBN) $ 0.919060
  • book-of-memeBOOK OF MEME (BOME) $ 0.012882
  • decentralandDecentraland (MANA) $ 0.469303
  • gnosisGnosis (GNO) $ 334.14
  • lido-staked-solLido Staked SOL (STSOL) $ 211.42
  • apecoinApeCoin (APE) $ 1.31
  • nexoNEXO (NEXO) $ 1.44
  • heliumHelium (HNT) $ 4.79
  • echelon-primeEchelon Prime (PRIME) $ 19.73
  • iotaIOTA (IOTA) $ 0.233318
  • frax-etherFrax Ether (FRXETH) $ 3,777.10
  • kavaKava (KAVA) $ 0.696905
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.87
  • nervos-networkNervos Network (CKB) $ 0.016997
  • usddUSDD (USDD) $ 0.997866
  • theta-fuelTheta Fuel (TFUEL) $ 0.109043
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,039.10
  • klay-tokenKlaytn (KLAY) $ 0.189779
  • swethSwell Ethereum (SWETH) $ 3,972.18
  • dexeDeXe (DEXE) $ 12.08
  • ocean-protocolOcean Protocol (OCEAN) $ 1.06
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000032
  • livepeerLivepeer (LPT) $ 20.96
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.50
  • blurBlur (BLUR) $ 0.414981
  • axelarAxelar (AXL) $ 0.997807
  • bitcoin-goldBitcoin Gold (BTG) $ 37.53
  • fraxFrax (FRAX) $ 0.997886
  • woo-networkWOO (WOO) $ 0.345929
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000112
  • oasis-networkOasis Network (ROSE) $ 0.092959
  • fasttokenFasttoken (FTN) $ 1.99
  • illuviumIlluvium (ILV) $ 94.85
  • pepecoin-2PepeCoin (PEPECOIN) $ 5.09
  • mantra-daoMANTRA (OM) $ 0.731970
  • tether-goldTether Gold (XAUT) $ 2,422.95
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,098.74
  • dydxdYdX (ETHDYDX) $ 2.12
  • osmosisOsmosis (OSMO) $ 0.891656
  • curve-dao-tokenCurve DAO (CRV) $ 0.480012
  • notcoinNotcoin (NOT) $ 0.005616
  • arkhamArkham (ARKM) $ 2.59
  • golemGolem (GLM) $ 0.554828
  • aerodrome-financeAerodrome Finance (AERO) $ 1.21
  • xdce-crowd-saleXDC Network (XDC) $ 0.035860
  • astarAstar (ASTR) $ 0.094728
  • wemix-tokenWEMIX (WEMIX) $ 1.46
  • enjincoinEnjin Coin (ENJ) $ 0.359921
  • memecoin-2Memecoin (MEME) $ 0.028063
  • jito-governance-tokenJito (JTO) $ 4.24
  • superfarmSuperVerse (SUPER) $ 1.13
  • true-usdTrueUSD (TUSD) $ 1.00
  • raydiumRaydium (RAY) $ 1.91
  • iotexIoTeX (IOTX) $ 0.053007
  • 1inch1inch (1INCH) $ 0.426344
  • stader-ethxStader ETHx (ETHX) $ 3,881.01
  • skaleSKALE (SKL) $ 0.093920
  • celoCelo (CELO) $ 0.902377
  • dymensionDymension (DYM) $ 2.81
  • 0x0x Protocol (ZRX) $ 0.567894
  • apenftAPENFT (NFT) $ 0.00000049
  • ether-fiEther.fi (ETHFI) $ 4.12
  • radixRadix (XRD) $ 0.045078
  • ankrAnkr Network (ANKR) $ 0.046613
  • stepnGMT (GMT) $ 0.230869
  • altlayerAltLayer (ALT) $ 0.340724
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • polymeshPolymesh (POLYX) $ 0.433984
  • based-brettBrett (BRETT) $ 0.054174
  • mx-tokenMX (MX) $ 4.62
  • arcblockArcblock (ABT) $ 4.58
  • compound-ethercETH (CETH) $ 75.98
  • zilliqaZilliqa (ZIL) $ 0.024622
  • metis-tokenMetis (METIS) $ 78.52
  • rocket-poolRocket Pool (RPL) $ 21.78
  • pax-goldPAX Gold (PAXG) $ 2,407.18
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008765
  • ravencoinRavencoin (RVN) $ 0.031640
  • venomVenom (VENOM) $ 0.260111
  • nosanaNosana (NOS) $ 5.15
  • zetachainZetaChain (ZETA) $ 1.62
  • holotokenHolo (HOT) $ 0.002421
  • compound-governance-tokenCompound (COMP) $ 62.18
  • siacoinSiacoin (SC) $ 0.007392
  • project-galaxyGalxe (GAL) $ 3.64
  • terra-luna-2Terra (LUNA) $ 0.608408
  • manta-networkManta Network (MANTA) $ 1.66
  • biconomyBiconomy (BICO) $ 0.528893

Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April

0 10

Bitcoin’s (BTC) price surged by $3,000 following the latest U.S. Consumer Price Index (CPI) report for April, which indicated a slowdown in inflation, boosting investor sentiment towards risk assets.

The U.S. Bureau of Labor Statistics reported a rise in consumer prices by 3.4% in April year-over-year, a decrease from March’s 3.7%.

This slower inflation rate has influenced a positive shift in market dynamics, with major stock indices reaching new highs and cryptocurrency prices, including Bitcoin and Ethereum (ETH), seeing significant upticks.

Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April

This data, provided by the U.S. Bureau of Labor Statistics, indicates a moderation in inflation, which is a positive signal for markets sensitive to interest rate changes. Month-on-month, the CPI rose by 0.3%, slightly below the expected 0.4%.

In this regard, data provided by capital market commentary platform The Kobeissi Letter, in an X post on May 15, pointed out that while the latest CPI data shows the first decline in inflation in three months, the PPI data reveals a third consecutive monthly increase.

Bitcoin is up $3,000 as U.S. CPI data reveals slower inflation in April

BTC is now trading at $64,884.00, with a 1-day rise of around 6%. Analysts note that Bitcoin now faces a crucial technical barrier in the form of its 50-day moving average (DMA) at $65,166.

If Bitcoin’s price can break above this level and its May highs around $65,500, further short-term upside could follow. The next levels to watch would be the late-April highs around $67,000, with a retest of yearly highs in the $73,000 area as the subsequent target.

The latest U.S. CPI data has significantly impacted the market, with Bitcoin experiencing a notable price surge. Investors are optimistic about potential shifts in the Federal Reserve’s monetary policy, contributing to gains in both the stock and cryptocurrency markets.

As Bitcoin approaches critical technical levels, its performance in the coming days will be crucial for determining its short-term trajectory.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source

Leave A Reply

Your email address will not be published.