Bitcoin Holds Above $70,000 Amid Inflation Data Optimism

Cryptocurrency market

Cryptocurrency markets experienced a moderate uptick on April 1, fueled by optimism surrounding U.S. inflation data. Federal Reserve Chair Jerome Powell’s remarks hinted at the possibility of interest rate cuts in June.

Introduction

Bitcoin, the pioneer cryptocurrency, maintained stability around the $70,000 threshold, while Ethereum hovered just above $3,600. Other altcoins also made notable moves.

1. Bitcoin’s Steady Course

Bitcoin traded 0.1% higher at $70,293, showing resilience despite recent fluctuations. Investors eagerly await a potential breakout, but a significant resistance level persists at $72,500.

Cryptocurrency market

2. Ethereum’s Surge

Ethereum surged past the $3,600 mark, demonstrating strength in the altcoin market. Its performance remains closely watched by traders and enthusiasts alike.

3. Altcoin Rally

Several altcoins posted gains:

Solana (SOL) rose by 1.7%
XRP increased by 1.8%
Dogecoin (DOGE) climbed by 4.7%
Toncoin (TON) saw a 3.2% surge
Bitcoin Cash (BCH) recorded an impressive 15.8% gain.

Market Cap and Dominance

The global cryptocurrency market cap reached approximately $2.67 trillion in the last 24 hours. Bitcoin’s dominance stands at 51.85%.

Jude Blair is a blockchain news writer at Crypto Quill, with a passion for unraveling the intricacies of distributed ledger technology and its impact on the digital landscape. With a sharp focus on blockchain innovations and industry trends, Jude’s articles offer readers comprehensive insights into the evolving world of cryptocurrencies. Known for his analytical prowess and dedication to factual reporting, Jude brings a fresh perspective to blockchain news, delivering timely and engaging content that educates and empowers audiences.

By Jude BlairApril 1, 2024NewsLeave a Comment

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Bitcoin (BTC) $ 83,392.00 0.18%
Ethereum (ETH) $ 1,910.94 0.18%
Tether (USDT) $ 0.999905 0%
XRP (XRP) $ 2.30 1.6%
BNB (BNB) $ 628.14 2.06%
Solana (SOL) $ 125.48 2.26%
USDC (USDC) $ 0.999766 0.01%
Cardano (ADA) $ 0.709663 0.45%
Dogecoin (DOGE) $ 0.168525 2%
TRON (TRX) $ 0.221804 4.33%
Lido Staked Ether (STETH) $ 1,908.16 0.19%
Wrapped Bitcoin (WBTC) $ 83,177.00 0.02%
LEO Token (LEO) $ 9.80 0.09%
Chainlink (LINK) $ 13.90 1.42%
Pi Network (PI) $ 1.29 8.32%
Toncoin (TON) $ 3.43 2.74%
USDS (USDS) $ 0.999729 0%
Stellar (XLM) $ 0.268570 0.76%
Wrapped stETH (WSTETH) $ 2,283.16 0.04%
Hedera (HBAR) $ 0.189045 0.78%
Avalanche (AVAX) $ 18.62 0.17%
Shiba Inu (SHIB) $ 0.000013 5.13%
Sui (SUI) $ 2.36 3.25%
MANTRA (OM) $ 6.96 2.08%
Litecoin (LTC) $ 90.47 3.48%
Bitcoin Cash (BCH) $ 334.13 1.22%
Polkadot (DOT) $ 4.30 3.1%
Ethena USDe (USDE) $ 0.999598 0.07%
Bitget Token (BGB) $ 4.44 0.43%
WETH (WETH) $ 1,909.57 0.15%
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998746 0.18%
Hyperliquid (HYPE) $ 13.01 2.07%
WhiteBIT Coin (WBT) $ 28.41 0.25%
Wrapped eETH (WEETH) $ 2,027.64 0.15%
Monero (XMR) $ 210.09 0.7%
Uniswap (UNI) $ 6.22 0.29%
sUSDS (SUSDS) $ 1.04 0.07%
Dai (DAI) $ 0.999412 0.02%
Aptos (APT) $ 5.28 1.25%
OKB (OKB) $ 52.11 8.7%
NEAR Protocol (NEAR) $ 2.60 1.37%
Pepe (PEPE) $ 0.000007 8.28%
Internet Computer (ICP) $ 5.84 2.04%
Mantle (MNT) $ 0.822876 0.5%
Gate (GT) $ 21.97 2.36%
Ethereum Classic (ETC) $ 17.63 0.94%
Ondo (ONDO) $ 0.841783 0.68%
Tokenize Xchange (TKX) $ 32.95 10.13%
Aave (AAVE) $ 172.47 2.31%
Coinbase Wrapped BTC (CBBTC) $ 83,383.00 0.18%
Cronos (CRO) $ 0.083085 1.32%
Official Trump (TRUMP) $ 11.19 1.52%
VeChain (VET) $ 0.024800 0.11%
Bittensor (TAO) $ 248.54 1.29%
First Digital USD (FDUSD) $ 0.998884 0.01%
Cosmos Hub (ATOM) $ 4.64 0.98%
Ethena (ENA) $ 0.382857 4.44%
Filecoin (FIL) $ 2.98 2.27%
Kaspa (KAS) $ 0.073649 1.12%
Celestia (TIA) $ 3.43 0.38%
POL (ex-MATIC) (POL) $ 0.211739 1.64%
Fasttoken (FTN) $ 3.99 0.06%
Render (RENDER) $ 3.19 0.3%
Lombard Staked BTC (LBTC) $ 83,279.00 0%
Arbitrum (ARB) $ 0.364338 1.28%
Algorand (ALGO) $ 0.188999 0.34%
Sonic (prev. FTM) (S) $ 0.485611 4.26%
Arbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00 0.04%
Story (IP) $ 5.65 1.89%
Optimism (OP) $ 0.875140 2.47%
Jupiter (JUP) $ 0.510172 3.08%
KuCoin (KCS) $ 11.13 0.25%
Artificial Superintelligence Alliance (FET) $ 0.515206 0.04%
Solv Protocol SolvBTC (SOLVBTC) $ 83,057.00 0.07%
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0%
Binance-Peg WETH (WETH) $ 1,903.49 0.25%
Movement (MOVE) $ 0.451176 3.08%
Kelp DAO Restaked ETH (RSETH) $ 1,983.72 0.05%
NEXO (NEXO) $ 1.07 1.25%
XDC Network (XDC) $ 0.067960 0.01%
Maker (MKR) $ 1,195.61 0.6%
Immutable (IMX) $ 0.565797 2.38%
Worldcoin (WLD) $ 0.853903 0.19%
Usual USD (USD0) $ 0.997550 0.02%
Sei (SEI) $ 0.197676 0.82%
DeXe (DEXE) $ 16.72 3.31%
Injective (INJ) $ 9.72 1.7%
Rocket Pool ETH (RETH) $ 2,155.75 0.69%
Stacks (STX) $ 0.617032 2.18%
Flare (FLR) $ 0.014943 1.45%
The Graph (GRT) $ 0.094917 1.87%
Theta Network (THETA) $ 0.900122 1.36%
Binance Staked SOL (BNSOL) $ 130.75 2.08%
Polygon Bridged USDT (Polygon) (USDT) $ 0.999823 0.03%
Lido DAO (LDO) $ 0.944468 0.86%
Bonk (BONK) $ 0.000011 1.98%
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 83,305.00 0.95%
PayPal USD (PYUSD) $ 0.999375 0.1%
Mantle Staked Ether (METH) $ 2,030.71 0.14%
Wrapped BNB (WBNB) $ 626.43 1.88%

Bitcoin (BTC) $ 83,392.00 0.18%

Ethereum (ETH) $ 1,910.94 0.18%

Tether (USDT) $ 0.999905 0%

XRP (XRP) $ 2.30 1.6%

BNB (BNB) $ 628.14 2.06%

Solana (SOL) $ 125.48 2.26%

USDC (USDC) $ 0.999766 0.01%

Cardano (ADA) $ 0.709663 0.45%

Dogecoin (DOGE) $ 0.168525 2%

TRON (TRX) $ 0.221804 4.33%

Lido Staked Ether (STETH) $ 1,908.16 0.19%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 83,177.00 0.02%

LEO Token (LEO) $ 9.80 0.09%

Chainlink (LINK) $ 13.90 1.42%

Pi Network (PI) $ 1.29 8.32%

the-open-network

Toncoin (TON) $ 3.43 2.74%

USDS (USDS) $ 0.999729 0%

Stellar (XLM) $ 0.268570 0.76%

Wrapped stETH (WSTETH) $ 2,283.16 0.04%

hedera-hashgraph

Hedera (HBAR) $ 0.189045 0.78%

Avalanche (AVAX) $ 18.62 0.17%

Shiba Inu (SHIB) $ 0.000013 5.13%

Sui (SUI) $ 2.36 3.25%

MANTRA (OM) $ 6.96 2.08%

Litecoin (LTC) $ 90.47 3.48%

Bitcoin Cash (BCH) $ 334.13 1.22%

Polkadot (DOT) $ 4.30 3.1%

Ethena USDe (USDE) $ 0.999598 0.07%

Bitget Token (BGB) $ 4.44 0.43%

WETH (WETH) $ 1,909.57 0.15%

binance-bridged-usdt-bnb-smart-chain

Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998746 0.18%

Hyperliquid (HYPE) $ 13.01 2.07%

WhiteBIT Coin (WBT) $ 28.41 0.25%

Wrapped eETH (WEETH) $ 2,027.64 0.15%

Monero (XMR) $ 210.09 0.7%

Uniswap (UNI) $ 6.22 0.29%

sUSDS (SUSDS) $ 1.04 0.07%

Dai (DAI) $ 0.999412 0.02%

Aptos (APT) $ 5.28 1.25%

OKB (OKB) $ 52.11 8.7%

NEAR Protocol (NEAR) $ 2.60 1.37%

Pepe (PEPE) $ 0.000007 8.28%

internet-computer

Internet Computer (ICP) $ 5.84 2.04%

Mantle (MNT) $ 0.822876 0.5%

gatechain-token

Gate (GT) $ 21.97 2.36%

Ethereum Classic (ETC) $ 17.63 0.94%

Ondo (ONDO) $ 0.841783 0.68%

tokenize-xchange

Tokenize Xchange (TKX) $ 32.95 10.13%

Aave (AAVE) $ 172.47 2.31%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 83,383.00 0.18%

crypto-com-chain

Cronos (CRO) $ 0.083085 1.32%

Official Trump (TRUMP) $ 11.19 1.52%

VeChain (VET) $ 0.024800 0.11%

Bittensor (TAO) $ 248.54 1.29%

first-digital-usd

First Digital USD (FDUSD) $ 0.998884 0.01%

Cosmos Hub (ATOM) $ 4.64 0.98%

Ethena (ENA) $ 0.382857 4.44%

Filecoin (FIL) $ 2.98 2.27%

Kaspa (KAS) $ 0.073649 1.12%

Celestia (TIA) $ 3.43 0.38%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.211739 1.64%

Fasttoken (FTN) $ 3.99 0.06%

Render (RENDER) $ 3.19 0.3%

lombard-staked-btc

Lombard Staked BTC (LBTC) $ 83,279.00 0%

Arbitrum (ARB) $ 0.364338 1.28%

Algorand (ALGO) $ 0.188999 0.34%

Sonic (prev. FTM) (S) $ 0.485611 4.26%

Arbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00 0.04%

Story (IP) $ 5.65 1.89%

Optimism (OP) $ 0.875140 2.47%

jupiter-exchange-solana

Jupiter (JUP) $ 0.510172 3.08%

KuCoin (KCS) $ 11.13 0.25%

Artificial Superintelligence Alliance (FET) $ 0.515206 0.04%

Solv Protocol SolvBTC (SOLVBTC) $ 83,057.00 0.07%

blackrock-usd-institutional-digital-liquidity-fund

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0%

binance-peg-weth

Binance-Peg WETH (WETH) $ 1,903.49 0.25%

Movement (MOVE) $ 0.451176 3.08%

kelp-dao-restaked-eth

Kelp DAO Restaked ETH (RSETH) $ 1,983.72 0.05%

NEXO (NEXO) $ 1.07 1.25%

XDC Network (XDC) $ 0.067960 0.01%

Maker (MKR) $ 1,195.61 0.6%

Immutable (IMX) $ 0.565797 2.38%

Worldcoin (WLD) $ 0.853903 0.19%

Usual USD (USD0) $ 0.997550 0.02%

Sei (SEI) $ 0.197676 0.82%

DeXe (DEXE) $ 16.72 3.31%

injective-protocol

Injective (INJ) $ 9.72 1.7%

rocket-pool-eth

Rocket Pool ETH (RETH) $ 2,155.75 0.69%

Stacks (STX) $ 0.617032 2.18%

Flare (FLR) $ 0.014943 1.45%

The Graph (GRT) $ 0.094917 1.87%

Theta Network (THETA) $ 0.900122 1.36%

binance-staked-sol

Binance Staked SOL (BNSOL) $ 130.75 2.08%

polygon-bridged-usdt-polygon

Polygon Bridged USDT (Polygon) (USDT) $ 0.999823 0.03%

Lido DAO (LDO) $ 0.944468 0.86%

Bonk (BONK) $ 0.000011 1.98%

solv-protocol-solvbtc-bbn

Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 83,305.00 0.95%

PayPal USD (PYUSD) $ 0.999375 0.1%

mantle-staked-ether

Mantle Staked Ether (METH) $ 2,030.71 0.14%

Wrapped BNB (WBNB) $ 626.43 1.88%