Bitcoin calms down at $ 30,000 before the US CPI announcement (Market Watch)

Bitcoin calms down at $ 30,000 before the US CPI announcement (Market Watch)

After yesterday's massive price pump, Bitcoin has calmed down by about $ 30,000 before the long-awaited US VPI numbers.

Most old coins have decreased today, with ETH falling below $ 1,900 and BNB below $ 320. However, Sol has opposed the market mood.

Bitcoin stagnates

The end of last week and especially the weekend brought little to no price movements for Bitcoin, which was stagnated at around $ 28,000. Although Monday started familiar, the landscape changed in the late hours and early Tuesday.

Bitcoin went hard on the offensive and rose over $ 29,000 and even $ 30,000 since the Terra crash. This rally culminated to $ 30,400 (a new 10-month high).

BTC has lost some ground since then and tried $ 30,000. The asset remains calm for the time being, but everything that is expected to change later today when the US VPI numbers are published for March.

Up to now, its market capitalization has decreased to $ 580 billion, but its dominance over the old coins continues to increase and is now 47.5 %.

Btcusd. Tradingview

ETH slips off Shapella

Apart from the CPI numbers, the other, awaited event, which is supposed to take place today, is the Shapella upgrade from Ethereum. In view of the widespread speculation about what could happen to the price of ETH after activation, the asset has easily withdrawn in the last 24 hours and is currently below $ 1,900.

Most other large cap alternatives have a similar form. BNB, XRP, ADA, Doge, Matic and LTC all fell by up to 4 % in one day. Solana is the only exception to the large cap alternatives. Sol has increased by 5.5 %, which contributed to yesterday's profits and is traded over $ 23.

Most of the Lower and Mid cap alternatives are also slightly in the minus today. This has driven this by the cumulative market capitalization of all crypto-assets by over $ 20 billion. Nevertheless, the key figure is still over $ 1.2 trillion in both CMC and Coingecko.

Overview of the cryptocurrency market. Quantify crypto