Current Situation in Bitcoin and Cryptocurrencies Before US Inflation Data - Coin Bulletin

Bitcoin (BTC), while trading at levels around 96 thousand dollars before the inflation data, follows a volatile course, markets focused on the US Consumer Price Index (CPI) data to be announced at 16.30 GMT.

The previous inflation data was announced at 2.9%, in line with the expectation of 2.9%, and Bitcoin rose from $97,300 to $98,500 in the short term. There is also an expectation of 2.9% for today's data. A possible deviation in the inflation rate could lead to high volatility in Bitcoin and the overall cryptocurrency market.

Latest Situation in Bitcoin and Altcoins

According to data from CoinGecko, Bitcoin is trading at $96,161, down 1.6% in the last 24 hours**. The current prices of other major cryptocurrencies are as follows:

• Ethereum (ETH) with a 2.2% decrease at $2,630
• BNB (BNB) up 1% $645
• Ripple (XRP) with a 2.1% decrease to $2.43
• Solana (SOL) fell by 2.6% to $196
• Dogecoin (DOGE) with a 2.2% decrease is $0.257
• Cardano (ADA) experienced a 1.5% decrease to $0.793

The total value of the cryptocurrency market is $3.28 trillion, with Bitcoin's market value at $1.9 trillion.

Today's inflation data to be announced will be a critical development in determining the short-term direction of Bitcoin.