Cryptocurrency

Cardano

Solana

Bitcoin

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-sees-fluctuations-after-us-cpi-data-release" rel="noopener noreferrer nofollow">Cryptocurrency Market Sees Fluctuations After US CPI Data Release</a><br></p>
<p style="text-align: justify">Bitcoin’s value experienced a fluctuation following the announcement of US Consumer Price Index data, reaching a high of $50,358 but subsequently declining below $49,000. The world’s leading cryptocurrency managed to recover slightly, stabilizing above $49,500. In contrast, Ethereum maintained its value over the $2,600 mark. Notably, other significant cryptocurrencies such as <a href="https://en.bitcoinhaber.net/xrps-price-hike-predicted-by-crypto-analyst-with-key-indicator" rel="noopener noreferrer nofollow">XRP</a>, Solana, and Cardano saw their market prices drop during this period.</p>
<h2 id="bitcoin-and-ethereum-market-update">Bitcoin and Ethereum Market Update</h2>
<p style="text-align: justify">Currently, Bitcoin is being traded just over the $49,000 threshold. As of the last update, the cryptocurrency was valued at $49,600, reflecting a modest 0.1% decrease, with Bitcoin’s market capitalization holding at $970.05 billion. Ethereum, another major player, saw its price drop by 0.82% to $2,626.69, and its market value fell to $315.72 billion, despite an increase of 15.76% in trading volume at $16.55 billion.</p>
<h2 id="other-altcoins-performance">Other Altcoins’ Performance</h2>
<p style="text-align: justify">Solana’s valuation sits at $112, having undergone a 2% decrease, with its trading volume declining by 18.04% to $2.30 billion. XRP’s value decreased to $0.5247 after falling 1.15%, and its trading volume also dipped by 1.63% to $997.57 million. Cardano dropped to $0.5473 following a 1.06% decrease in price, accompanied by a significant 16.23% fall in its 24-hour trading volume, now at $426.20 million.</p>
<p style="text-align: justify">The meme coin sector, including Dogecoin and Shiba Inu, also faced downturns, with Dogecoin dropping to $0.08107—a 1.32% decrease—and Shiba Inu declining by 1.23% to $0.000009462, still distant from the expected $0.00001 mark.</p>
<p style="text-align: justify">Amid the market fluctuations, Pyth (PYTH) from the Solana ecosystem stood out with a notable rise, climbing 14.55% to $0.6701, while VeChain (VET) saw an uptick of 9.9%, trading at $0.034 despite the broader market’s downward trend.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-sees-fluctuations-after-us-cpi-data-release" rel="noopener noreferrer nofollow">Cryptocurrency Market Sees Fluctuations After US CPI Data Release</a></h5>

Cryptocurrency Market Sees Fluctuations After US CPI Data Release

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