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XRP, XLM on the Rise, BTC Price Taps $97K Ahead of CPI Announcement (Market Watch)
The cryptocurrency market is showing some unexpected moves as we head into the weekend. Bitcoin’s price has been particularly volatile this week, and it appears that it has finally found its footing. At the time of writing, the asset has tapped a weekly high of just under $98,000.
The rally comes ahead of today’s highly anticipated CPI announcement in the United States. This event is likely to cause massive volatility across all markets, and investors are scrambling to get positioned before the data drop.
Meanwhile, XRP and XLM have been quietly racking up impressive gains over the past 24 hours. Both assets have surged by around 10%, bringing their prices to $2.80 and $0.45 respectively. Other alts with notable gains include Cardano, DOGE, TON, AVAX, and LINK.
On the other hand, Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Tron (TRX), and Sui Network (SUI) are all in the red by varying amounts.
Source: cryptopotato.com
