Bitcoin's price has reached six-digit levels today following positive CPI data and Coinbase's announcement of a new meme coin listing.
Bitcoin Surge After CPI Data
The BTC price rose to $100,800 after the release of U.S. inflation figures for November, which triggered the anticipated rise.
Altcoins Recovery
The drop to $94,500 led to a rapid sell-off in altcoins, but they quickly began their recovery. XRP Coin and Shiba Inu experienced significant hits but have now posted over 15% gains.
New Meme Coin Listed on Coinbase
With the general increase in cryptocurrency market volume, Coinbase announced its roadmap for listing PNUT Coin. PNUT Coin surged over 30%, reaching $1.33. Ripple effects were seen with XRP at $2.44, SOL at $228, and AVAX at $47.8.
Positive inflation data and new listings on platforms like Coinbase are expected to continue impacting the volatility and growth of the cryptocurrency market.