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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-hits-61000-after-swings" data-wpel-link="internal">Bitcoin Hits $61,000 After Swings</a><br></p>
<p style="text-align: justify">Cryptocurrency markets witnessed significant movement as Bitcoin surged past the $61,000 mark after experiencing notable fluctuations. The price of Bitcoin recently fell to $48,800 but managed to recover above $60,000, causing a stir in the market. Today, market participants are keenly awaiting crucial <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">data</a> from the US, which could influence further price dynamics for Bitcoin and major altcoins.</p> 
<h2 id="what-is-the-current-price-of-bitcoin">What is the Current Price of Bitcoin?</h2> 
<p style="text-align: justify">Following an economic downturn in Japan, Bitcoin’s price plunged to $48,800 last Monday, sparking concerns among <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a>. However, Bitcoin rebounded, climbing back above $60,000. After another dip to $58,000 last week, Bitcoin once again surged above $61,000 last night, prompting speculation about the potential impact of today’s CPI data on the cryptocurrency market.</p> 
<p style="text-align: justify">In the past 24 hours, Bitcoin’s value has increased by 2.86%, trading above $60,900. The market capitalization has returned to $1.2 trillion, although the 24-hour trading volume has decreased from $37 billion to $29.1 billion.</p> 
<h2 id="current-status-of-altcoins">Current Status of Altcoins</h2> 
<p style="text-align: justify">Interest also turned to high-volume altcoins following Bitcoin’s rally. Ethereum, the leader among altcoins, showed a parallel rise with Bitcoin, bringing joy to its investors. ETH increased by 2.71% today, reaching $2,731, after a 4.50% rise yesterday, pushing its market cap over $328 billion, although its 24-hour trading volume fell from $22 billion to $15.2 billion.</p> 
<p style="text-align: justify">Binance’s BNB token followed suit, rising from $518 yesterday to $526.9 today. However, Solana faced disappointment, being the only altcoin in the top 10 to decline, now trading at $145.21. <a href="https://en.bitcoinhaber.net/sec-demands-ripple-repay-gains" data-wpel-link="internal">XRP</a> saw a 2.21% increase, reaching $0.5792, and TON, benefiting from new Binance features, jumped 6.89% to $6.7. DOGE recorded a modest rise of 1%, holding above the $0.10 support level.</p> 
<h2 id="key-insights-for-investors">Key Insights for Investors</h2> 
<ul> 
 <li>Bitcoin’s rally back above $60,000 highlights its volatility and potential for quick rebounds.</li> 
 <li>Ethereum’s parallel rise with Bitcoin indicates strong correlation and market sentiment.</li> 
 <li>Solana’s decline amidst general altcoin growth suggests potential selective investor concerns.</li> 
 <li>TON’s significant daily increase showcases the impact of new feature integrations on coin performance.</li> 
</ul> 
<p style="text-align: justify">Investors should closely monitor upcoming US economic data and its potential market impact.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-hits-61000-after-swings" data-wpel-link="internal">Bitcoin Hits $61,000 After Swings</a></h5>

Bitcoin Hits $61,000 After Swings

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