The release of CPI data set off a bullish track for cryptocurrencies.
Shiba Inu surged only 4% after the Shibarium Beta launch.
As per CMC, Bitcoin attained its 9-month-high of $26,514.
Following the Fed’s CPI data release on Tuesday, the global crypto market is rebounding by displaying bullish rallies. Since the onset of 2023, memecoins and AI-based crypto tokens dominated the trending lists on Twitter and various aggregator feeds – CoinMarketCap and Coingecko. Significantly, Bitcoin and Ethereum reclaimed the ranks and are pinned on top.
Let us now analyze the price movement trend of the top 3 trending cryptocurrencies.
Bitcoin (BTC)
Post the fall of the US banking giants, Bitcoin hit the crypto headlines with its surprising bullish rally. After Tuesday’s CPI data release, BTC surged to hit the $26,000 mark. However, it is subjected to a series of retests.
BTC/USDT Price Chart (Source: TradingView)
Since the beginning of this week, BTC laid daily green candles above the 200 mov
We współpracy z: https://thenewscrypto.com/top-trending-cryptocurrencies-price-trend-analysis/
