Bitcoin’s price got a sweet lift from those lower than expected US CPI numbers for June and surged to a three week peak at $65000 before pulling back a touch. 🖤 Most altcoins shifted into green territory too with ETH climbing toward $1900 while ZEC CC LINK and HYPE posted solid daily gains.
BTC Soars Post CPI Data 🌙
After the wild swings early last week from Strategy’s major BTC sale and the US Iran tensions bitcoin started its slow climb on Wednesday from a low around $61600. Bulls pushed it back to $64000 over the weekend where it mostly drifted sideways. The escalating chaos in the Middle East dragged it under $62000 again on Monday morning with everyone waiting on the June US CPI release due Tuesday. Expectations pointed to a drop from May’s high but the actual figure came in even softer at just 3.5 percent growth. BTC reacted fast with a jump past $65000 hitting that three week high earlier today. It eased to $64500 now with market cap near $1.3 trillion and dominance steady at 56.7 percent.
PI Network Rebounds Strong 💀
Pi Network’s token had been struggling with fresh all time lows the past days but that $0.07 support level kicked in hard yesterday for a sharp bounce. PI is now up 16 percent in a day trading past $0.085. PUMP followed with a 14 percent lift to $0.0166 while ZEC led bigger names higher by 9 percent above $550. CC LINK and HYPE each gained around 5 percent too. Ethereum mirrored that move now above $1870 as BNB XRP SOL and RAIN took smaller steps up. Total crypto market cap added over $60 billion in one day reaching $2.280 trillion.
Just another echo from the void by iconofsin.eth 💖
