Bitcoin Price Climbs to 2-Week High at $114K Ahead of US CPI Data: Market Watch

The Bitcoin price jumped by a few Grand yesterday and maintained about $ 114,000 before the very expected US CPI data, which will be announced later today.

Most Altcoins is the largest green color, with a 3 % up to DOGE and XLM. Avax increased by more than 6 %.

BTC rises in front of CPI data

The initial cryptocurrency tried to download the decisive support of $ 113,000 on occasions last week, but each attempt was met with immediate rejection. The subsequent decline led to the south a few large number, as happened on September 6 and September 10.

The bulls have started another leg in the past 24 hours, also the BTC challenge also. This time, though, the original was more successful because he finally violated this level. Moreover, he continued to climb and took advantage of a 17 -day peak of $ 11,4500 earlier this morning.

Although it has recovered a little since then, it is still trading about $ 114,000. More fluctuations are expected later today when the American CPI numbers are announced. The past few occasions have led to a decrease in the instant price before Bitcoin managed to recover the lost land.

Currently, the BTC market ceiling rose to $ 2.270 trillion, while its hegemony over Alts has calmed 56 % on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

New Mnt Athi

Mantle’s original symbol is the best performance today, as it has risen with double numbers to celebrate the highest new level ever at $ 1.65. AVAX is the next line of large covers, as it prompted a 7 % increase in origin to nearly $ 30.

Doge, XLM, LTC and Tao are also in green. ETHEREUM has increased to $ 4400 after a jump by 2.3 % over the past 24 hours. On the other hand, WLD decreased by about 8 % after the last gathering that pushed it to the north to more than $ 2.

Crypto Market Cap has regained $ 4 trillion and grew to $ 4.060 trillion on CG.

Overview of the encrypted currency market. Source: Quantifycrypto
Overview of the encrypted currency market. Source: Quantifycrypto
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Current currency charts by TradingView.

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