The crypto market is experiencing a wave of optimism following the U.S. Consumer Price Index (CPI) release. The total market cap has increased by 3.35% to reach $3.49 trillion. This is accompanied by a 21.64% surge in trading volume to $155.02 billion over the past 24 hours, and the Fear & Greed Index has risen to a "Greed" level with a score of 60.
Bitcoin Makes a Comeback
Today, Bitcoin's price has been gaining momentum, rising by 2.60% in the last 24 hours to reach $99,400.03. This move follows BTC reclaiming its 24-hour high of $100k. Intraday trading volume rose by 4.02% to $57.17 billion, while its market cap now stands at $1.969 trillion, showcasing resilience.
Altcoins Rally Strengthens Market
Ethereum's price saw a substantial gain of 4.67%, pushing its price to $3,371.47. Solana outperformed its peers, jumping 7.32% to $202.53, while XRP climbed 8.14% to $3.07, reflecting strong bullish sentiment throughout the market.
Market Gainers and Losers
Among the top gainers, VIRTUAL led with an impressive 31.79% spike to $3.81, followed by FARTCOIN with a 24.08% rise to $1.24, and LTC climbing 18.04% to $120.36. On the downside, MOVE emerged as the only loser among the top 100 cryptos, slipping 2.62% to $0.8026.
The crypto market is showing positive dynamics amid optimism and new economic data releases. Unlike recent downturns, the current investor sentiment is described as greedy, which could potentially drive further growth.
