Bitcoin (BTC) continues to rise ahead of the US Consumer Price Index (CPI) data to be released today. Experts think that Bitcoin is pricing in data that is critical to the cryptocurrency market and is thought to have a positive future.
According to CoinGecko data, in the last 7-day period 18,650 dollar reaching the bottom and then rising bitcoin, continues its rise before the critical data that is important for the crypto money market. In the last 24 hour period 1.1% appreciated bitcoinat the time the news was written $22,612traded from.
While experts commented on the recent rise in Bitcoin, the US inflation data, which is expected to be positively announced, is priced in. In the dominance of Bitcoin (BTC.D) is also increasing. BTC.D, 41.53% has risen to levels.
In the last 24 hours, there has been no significant change in percentage in the 10 most valuable cryptocurrencies by market value. Ethereum (ETH) down 0.5% 1,738, BNB (BNB) down 0.8% 296, Ripple (XRP) up 0.5% 0.356, Cardano (ADA) 0.505 down 1.9%, Left (LEFT) up 2% 38.40 and Polkadot (DOT) down 0.3% $7.9traded from.
Bitcoin’s total market cap $431 billionif the total value of the cryptocurrency market $1.12 trillion watching levels.
with Turkey time today 15:30will be announced in August bear US CPI data on an annual basis for 8.1%′There is an expectation.
The latest situation in Bitcoin before the US inflation data
Rising for the last 7 days bitcoinat the time of writing from $22,612 is being traded. $21,800 In case of any negativity, Bitcoin, which broke the resistance at the levels upwards, $25,000 levels are expected to rise.
of bitcoin $25,000 On the weekly chart, as it broke the resistance zone at the levels upwards, “double bottom” formation can work. If the formation is active, $32,000 up to the levels rise expected to live.
$21,800If it breaks down I again bitcoinof again $19,500 up to the levels drop life is predicted.