The crypto sector is experiencing a slight uplift as investors anticipate the release of the Consumer Price Index (CPI) and Producer Price Index (PPI) data from the United States, which are scheduled to be published on February 12 and 13, respectively. Favorable data could prompt a wave of optimism among investors.
Crypto Market Reaction to Upcoming CPI and PPI Data
The cryptocurrency market saw an overall capitalization increase by 2.35%, reaching $3.24 trillion. Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Litecoin also registered slight increases.
Capitalization Growth and Major Cryptocurrencies
Capitalization increased by 2.35%, and some cryptocurrencies have fully recovered from near double-digit losses. For example, Litecoin appreciated by 14.35%, XRP by 4.83%, Ethereum by 3.01%, and Bitcoin is trading at $98,327.
Development of Best Wallet Project
The Best Wallet project continues to strengthen its presence in discussions among crypto participants as one of the top best crypto wallets. With an active user base of 250,000 and 630% month-over-month user growth, Best Wallet is experiencing accelerated adoption.
The upcoming CPI and PPI data in the US could play a key role in the short-term development of the cryptocurrency market. Best Wallet and other projects continue to actively develop amid these expectations.
