The US Consumer Price Index (CPI) has decreased to 2.4%, lower than the previous 2.5%, causing minor shifts in the cryptocurrency market. The overall market capitalization has decreased, while investor sentiment remains cautious.

CPI Decline and Market Impact

The decline in CPI has affected market sentiment, causing minor disturbances in Bitcoin's price and other cryptocurrency assets. Amid ongoing inflation concerns, the overall value of the cryptocurrency market has dipped. The global market cap currently stands at $2.13 trillion, down 2.26% over the last 24 hours, with trade volumes decreasing by 4.24% to $65.91 billion. The Fear & Greed Index at 37 reflects cautious investor sentiment.

Bitcoin Price: Current Situation

Bitcoin's price has fallen by 2.43% to the level of $60,834.85. This decline follows a strong performance in the previous period. Although the market remains optimistic about a potential rebound, current macroeconomic conditions and CPI changes keep BTC in check.

Altcoin Movements: Ethereum, Solana, XRP

Ethereum has also decreased by 1.87% to $2,386. This decline is in line with broader market conditions, while traders keep a keen eye on the network's upcoming improvements, which might provide support in the coming days. Solana has fallen by 2.51% to $139.03, and XRP has decreased by 0.96% to $0.5274. Both tokens remain popular with investors, but the broader market sentiment is likely to affect their immediate direction.

As the market digests the latest CPI data, investors will be looking for the next big moves in both traditional and digital markets.