Overview

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As LUNA’s life support was all but switched off on Friday, BTC and ETH rallied, with prices climbing by as much as 10%. NAMEPRICE1H %1Bitcoin BTC$106,136.250.10%2Ethereum ETH$2,636.530.50%3Tether USDT$1.000.00%4XRP XRP$2.220.67%See all 101 rows on coinmarketcap.com The broader crypto market is flat as it awaits the US Consumer Price Index report, which is expected to be released today. Dominant cryptos including BTC and ETH continue to BTC is currently trading around $18,700 and ETH around $1,250. Notable gainers in the last 24 hours are HT, BSV, and AR. The global crypto market cap is ~$932B, down BTC and ETH rose by over 3%, respectively. Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 Bitcoin (BTC) and Ethereum (ETH) Market Update for Octo Bitcoin’s market dominance has crossed 55 percent, which shows that it’s now becoming a crowded trade. At times, it’s a good strategy to take Bitcoin (BTC), the oldest and most-valued crypto coin, failed to pick up steam and dwelled within the $19,000 range on early Thursday morning. Ethereum (ETH) managed to

Bitcoin (BTC) and Ethereum (ETH) Market Update - October 13, 2022: CPI Awaited

The crypto market is currently experiencing a period of relative stability as investors eagerly await the release of the US Consumer Price Index (CPI) report today. This report is expected to provide further insight into the state of the economy and potentially influence the direction of digital asset prices.

BTC and ETH Performance

Dominant cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) continue to trade cautiously. Bitcoin is currently trading around $18,700 and Ethereum around $1,250. While recent days saw a slight rally, the overall trend remains uncertain.

Earlier in the week, after the LUNA situation, BTC and ETH rallied, with prices climbing by as much as 10%. This provided temporary relief, but gains have been tempered.

Market Overview

The global crypto market cap is currently around $932 billion. While BTC and ETH rose by over 3% recently, Tether (USDT) and BinanceUSD (BUSD) market cap remained relatively flat over the last 24 hours at $68.4 billion and $21.6 billion, respectively.

Live Crypto Prices (CoinMarketCap):

Name Price 1H %
1 Bitcoin BTC $106,136.25 0.10%
2 Ethereum ETH $2,636.53 0.50%
3 Tether USDT $1.00 0.00%
4 XRP XRP $2.22 0.67%
See all 101 rows on coinmarketcap.com

Notable Gainers and Bitcoin\'s Dominance

Notable gainers in the last 24 hours include HT, BSV, and AR. However, Bitcoin’s market dominance has crossed 55 percent, which suggests a flight to relative safety within the crypto space. Bitcoin (BTC), the oldest and most-valued crypto coin, failed to pick up steam and dwelled within the $19,000 range on early Thursday morning. Ethereum (ETH) managed to show some resilience, but overall, the market remains cautious.

Looking Ahead

All eyes are on the US CPI report. Its outcome will likely dictate the short-term trajectory of Bitcoin (BTC), Ethereum (ETH), and the broader cryptocurrency market. Traders are advised to exercise caution and manage risk accordingly.

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