[Lunch Briefing] Bitcoin recovers to $101,000… Impact of US CPI announcement

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Here is the English translation of the text, with the specified cryptocurrency abbreviations retained: The major virtual assets are on an upward trend. As of 12:56 pm on the 12th, based on Bithumb, Bitcoin (BTC) rose 1.51% from the previous day to 14,340,000 won. Ethereum (ETH) rose 4.46% to 5,595,000 won, Ripple (XRP) fell 0.84% to 3,408 won, Solana (SOL) rose 1.24% to 326,900 won, and Binance Coin (BNB) rose 3.87% to 1,020,000 won. The international market is also on an upward trend. At the same time, on CoinMarketCap, BTC recorded $10,964.41, up 3.56% from the previous day. ETH rose 7.4% to $3,938.54, XRP rose 4.51% to $2.4, SOL rose 5.72% to $230.99, and BNB rose 6.17% to $720.63. The total market capitalization of virtual assets increased by 2.25% from the previous day to about $3.64 trillion (about 521.576 trillion won). The Crypto Fear & Greed Index of alternative.me, a virtual asset data company, rose 9 points from the previous day to 83 points, indicating "extreme greed." Along with the rise in the prices of XRP and AI-related virtual assets, BTC has recovered the $10,100 level. This is because the US consumer price index (CPI) last month met market expectations, increasing expectations for a rate cut by the US Federal Reserve.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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