JUP is today’s biggest riser among the 100 largest alts.
The highly anticipated CPI numbers announced on Friday brought some volatility to the cryptocurrency markets, with BTC jumping to $112,000 before dipping below $110,000 before recouping all the losses.
Several altcoins have posted more impressive gains in recent days, including JUP, ZEC, CRO, BCH and XRP.
BTC recovers all losses
The primary cryptocurrency experienced massive turbulence at the end of the previous business week, when it fell from $112,000 to less than $104,000 in just a day. However, the economy recovered over the weekend and went on the offensive at the start of the new business week.
The bulls started an impressive surge on Tuesday that resulted in a rise of $6,500. It pushed BTC from $107,500 to a multi-day peak of $114,000. However, it turned out to be a fakeout, and bitcoin soon lost all gains, falling even further below $106,500.
The following days were more positive, but less eventful, as markets awaited Friday’s release of US CPI figures. BTC had settled around $111,000 and immediately rose by a thousand dollars after September inflation turned out to be lower than expected.
However, its progress was quickly halted and the bears drove it south by more than two thousand dollars in the following hours, to just under $110,000. Nevertheless, BTC has recovered and is now near $112,000. The market cap has risen to $2.230 trillion on CG, while the dominance on alts stands at 58%.
CRO, XRP on the rise
Most alts with larger market caps have not shown significant movements in the last 24 hours. ETH and BNB are slightly in the red, while SOL, ADA, DOGE, HYPE, LINK and XLM have made small gains.
More volatility comes from XRP, CRO, BCH and ZEC, all of which are up somewhere between 3.5% and 5.3%. TRX, on the other hand, has dumped more than 5% and is now inches below $0.30.
The total crypto market cap has remained sideways at around $3.850 trillion on CG since yesterday.
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