ETH Reclaims $1.9K After Shapella Update, BTC Calms at $30K Following CPI Volatility (Market Watch)
The cryptocurrency market experienced some volatility following the release of the latest CPI numbers, with Bitcoin (BTC) jumping and dumping by $500 in minutes. However, BTC managed to maintain its price above $30,000 after briefly breaching it. The cryptocurrency’s market cap has also climbed to over $580 billion, with its dominance over altcoins standing at over 47%. Meanwhile, Ethereum (ETH) saw a 3.5% jump after undergoing its most significant upgrade since the Merge, called Shapella. Other cryptocurrencies that have added similar percentages in the past 24 hours include Dogecoin, MATIC, UNI, and Ethereum Classic. The total crypto market cap has added over $15 billion daily and now stands close to $2.240 trillion on CMC. ARB, APE, and FTM are among the top 50 altcoins that have surged the most. Overall, the cryptocurrency market remains volatile, and investors are advised to conduct their due diligence before making any investment decisions.
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