Bitcoin is once again trading today in the US$ 64 thousand range after a recent attempt to break through higher levels driven by economic data from the United States. The leading cryptocurrency even surpassed US$ 65.500, marking its highest level in weeks, but failed to sustain the move and retreated about US$ 1.500 from the top.
The advance came after the release of the consumer price index (CPI) below expectations, which brought temporary relief to the markets. Even so, the move quickly lost strength, reflecting an environment sensitive to macroeconomic and geopolitical factors.
During the weekend, Bitcoin maintained relative stability, trading close to US$ 64 thousand. This behavior came after a more volatile week, marked by drops below US$ 62 thousand, influenced by Strategy's recent sale of BTC and rising tensions in the Middle East.
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On Monday, the asset weakened again amid the markets' reaction to new attacks involving the United States and Iran. The cryptocurrency even fell below US$ 62 thousand on Tuesday morning, before rebounding strongly after the CPI data.
The recovery movement led Bitcoin to first regain US$ 64 thousand and then surpass US$ 65 thousand, reaching a peak close to US$ 65.600. After that level, however, there was a correction, with the price returning to the current region.
Bitcoin's market capitalization fell to about US$ 1,285 trillion, while its dominance over altcoins remained stable at 56,7%.
Ethereum followed the movement with even greater intensity. The second-largest cryptocurrency came close to US$ 1.950, reaching its highest value in about six weeks. However, it also lost momentum and returned to trading below US$ 1.900.
Among other cryptos, BNB posted a slight gain, approaching US$ 580, while XRP showed a small daily decline and is trying to hold the US$ 1,10 level.
On the other hand, assets such as SOL, TRX, LTC, and ADA are trading in the red. Among the negative highlights, BCH and DEXE posted sharper declines, while the ONDO token went against the movement and advanced about 17%, trading close to US$ 0,37.
Overall, the total value of the cryptocurrency market decreased by approximately US$ 40 billion in a single day, reaching US$ 2,27 trillion.