The crypto market today has gotten some relief, as the U.S. CPI data went down from 0.3% in January to 0.2% in February. Considering numbers on a yearly basis, inflation has dropped from 3.0% to 2.8%, which is against the prediction of 2.9%. Talking about the core inflation, which excludes food and energy prices, it has hit a multi-year low at 3.1%.
The above numbers led to the global crypto market cap edging up by 2.14%, to $2.7 trillion. However, the intraday trading volume fell by almost 15%, to $100.52 billion. In the meantime, the Fear & Greed Index dipped to 21, cautioning about the presence of fear in the market despite encouraging economic indicators.
Bitcoin Price Reaches $83k Amid Possible BTC Acquisition?
Bitcoin price today has been hovering above the $83k mark, with gains of 1.68% in 24 hours. With a press time market cap of $1.65 trillion, it enjoys a market share of 61%. Coming to business volumes, the numbers went down by over 21%. What has attracted Bitcoiners, is the U.S. government considering acquiring 1 Million Bitcoins as a part of its long-term economic strategy.
Curious about where Bitcoin is heading next? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
Altcoins Show a Mixed Bag?
Ethereum saw a slight pullback, sinking 0.39% in the last 24 hours. XRP, on the other hand, posted a healthy gain of 2.90%, amid XRP news around its ETF filing by Franklin Templeton. While Solana price inched up by 0.79%, reflecting the market’s cautious but positive sentiment toward major altcoins.
Interested in buying some XRP? Check our Ripple (XRP) Price Prediction 2025, 2026-2030!
Top Gainers
- Pi: Soared 15.17%, emerging as today’s top gainer
- Story IP: Jumped 11.89%, showing strong momentum
- TIA: Gained 13.40%, rounding out the top three performers
Top Losers
- HYPE: Fell 5.72%, leading today’s losers
- TAO: Declined 3.13%
- FLR: Dropped 3.02%
Subscribe for more daily insights from the world of crypto.
FAQs
The price of 1 Bitcoin at press time is $83,195.48.
Pi Coin, Celestia, and Story IP are today’s top gainers, posting double-digit percentage gains.
Ethereum experienced a minor dip of 0.39% over the past 24 hours.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed