The cryptocurrency market shows positive momentum following the release of the U.S. December 2024 Consumer Price Index report. Bitcoin rose to $99,000, meeting market expectations, while inflation increased less than anticipated.
Bitcoin Hits $99,000
The release of the Consumer Price Index report has prompted growth in the cryptocurrency market. Inflation rose by 0.2%, reaching 2.9%, which positively influenced Bitcoin's dynamics as it reached the $99,000 mark. This confirms the market's optimistic expectations amidst easing inflationary pressures.
Gala (GALA) on the Verge of Breakout
Gala (GALA) is priced at $0.03785 and ready for a significant breakout. The coin is consolidating within a descending triangle, and the recent upward push has brought it close to the crucial resistance line. A successful breakout could allow GALA to rise to $0.044, $0.052, and $0.066, indicating a 75% growth potential from its current price.
Toncoin (TON) and Its Growth Potential
Toncoin (TON) is trading at $5.40 and at a pivotal point. Its price is advancing towards the upper boundary of a descending channel, also near a horizontal resistance zone at $5.52. A breakout above this area could lead to growth to $5.80, $6.44, and $7.20, with a potential 33% increase.
The broader cryptocurrency market recovery led by Bitcoin has created a favorable environment for altcoins like GALA and TON. If the current bullish sentiment holds, these coins could experience significant upward moves in the coming days.
