{"id":44163,"date":"2025-02-13T10:00:21","date_gmt":"2025-02-13T10:00:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44163"},"modified":"2025-02-13T10:00:21","modified_gmt":"2025-02-13T10:00:21","slug":"bitcoin-bounces-back-from-cpi-dip-as-bnb-breaks-700-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44163","title":{"rendered":"Bitcoin Bounces Back From CPI Dip as BNB Breaks $700 (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price dipped by a few grand yesterday after the worst-than-expected US CPI data but bounced off and even tapped $98,000 briefly before settling at around $96,000.<\/p>\n

BNB, HYPE, and SUI have emerged as the biggest gainers from the larger-cap alts today, while ETH failed at $2,700 following positive news.<\/p>\n

BTC Recovers<\/h2>\n

The primary cryptocurrency went through a full-on rollercoaster at the start of the previous week, with multiple $10,000 moves in both directions. It settled in the following days in a tighter range between $96,000 and $98,000, aside from a brief spike toward $100,000 on Friday.<\/p>\n

The subsequent rejection, though, pushed it south<\/a> to the lower bound of the range, where it spent most of the weekend as well. The business week began with a price pump toward $98,000 but was halted once again.<\/p>\n

More volatility was expected yesterday following the release of the US CPI numbers. Once they went live and were higher than the general expectations, BTC slipped<\/a> by two grand within minutes to $94,000.<\/p>\n

However, the asset bounced off immediately and added four grand by the Thursday morning Asian trading session. It was stopped once again there and now sits just inches above $96,000.<\/p>\n

Its market capitalization has remained at just over $1.9 trillion, while its dominance over the alts has taken a big hit and is down to 57.6%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

BNB Back Above $700<\/h2>\n

Ethereum jumped<\/a> high this morning after CBOE filed for a spot staked ETH ETF on behalf of 21Shares. However, it quickly lost most of the gains and is now below $2,700 once again. XRP, DOGE, ADA, LINK, AVAX, and XLM are also slightly in the green on a daily scale.<\/p>\n

BNB has jumped the most, adding 9.5% of value and trading above $700 now. SUI and HYPE followed suit, with 8% gains, which have pushed them to $3.5 and $25, respectively.<\/p>\n

Some meme coins have posted<\/a> impressive increases over the past day as well. Nevertheless, the total crypto market cap has remained still at just over $3.3 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin Bounces Back From CPI Dip as BNB Breaks $700 (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price dipped by a few grand yesterday after the worst-than-expected US CPI data but bounced off and even tapped $98,000 briefly before settling at around $96,000. BNB, HYPE, and SUI have emerged as the biggest gainers from the larger-cap alts today, while ETH failed at $2,700 following positive news. BTC Recovers The primary cryptocurrency […]<\/p>\n","protected":false},"author":0,"featured_media":44164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44163"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44163"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44164"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}