Top 3 Bitcoin, Ethereum, Ripple Price Analysis: BTC Faces CPI Litmus Test

Quick Summary:

Bitcoin (BTC) soared above $61,000 during the Asia session on Wednesday and inched closer to the $62,000 hurdle as traders optimistically look forward to the Federal Reserve’s decision on interest rates.

Altcoins rallied alongside Bitcoin, with Ethereum (ETH) surpassing $2,700 and Ripple (XRP) reclaiming the $0.58 level.

With a renewed technical outlook, BTC price returned above $61,000, rising to test the $62,000 hurdle.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: Bitcoin Price Analysis Ripple (XRP) Price CPI data Ethereum (ETH) price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 13:51:44 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 48 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22078122

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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