Bitcoin rebounded after dipping below $80,000 following the latest U.S. CPI report showing increasing inflation. Binance Coin has surpassed XRP in market capitalization, while several altcoins including TON, ONDO, and PENGU recorded significant daily losses. The total crypto market cap remains near $2.78 trillion as broader volatility persists.
Bitcoin briefly fell under $80,000 after a U.S. Consumer Price Index announcement confirmed rising inflation. The asset quickly recovered and now trades around $81,000. Its market capitalization holds near $1.62 trillion.
The cryptocurrency had previously dropped following the rejection of a reported peace proposal from Iran. However, the POTUS quickly rejected it, and BTC crashed by $2,000 in minutes.
Binance’s native token, BNB, gained 2.5% and flipped XRP in market cap ranking once more. Dogecoin solidified its position in the top 10 altcoins after a 2% daily increase.
Significant daily gains were seen in NEAR, which rocketed almost 6%. Some TRUMP-related tokens also rose 4-5% daily as the POTUS went to China to meet with Xi Jinping. In contrast, VVV plummeted over 17% to under $15.
Tokens like TON, ONDO, and PENGU are deep in the red. The total crypto market cap, as shown by market data, has remained at approximately $2.780 trillion. Bitcoin’s dominance over alternative cryptocurrencies is still well above 58%.
