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Bitcoin trades at $79,000, next week’s US inflation data to test rate-cut hopes and crypto valuations

The global cryptocurrency market capitalization declined by 1.4% to $2.77 trillion as major digital assets including Bitcoin and Ethereum experienced moderate price pullbacks over the last 24 hours.

Key Points

  • Bitcoin fell 1.8% while Ethereum dropped 2.3% to trade at the $2,452 level.
  • Major altcoins including BNB, XRP, Solana, and Dogecoin recorded a 5.4% decline.
  • Tron bucked the downward trend, posting a 0.9% gain during the same period.
  • Analysts identify $78,500 as a critical support zone for Bitcoin following its recent rejection near $82,000.
  • Ethereum requires a recovery above the $2,500 threshold to signal renewed market momentum.

Why it Matters

The recent price consolidation reflects a broader market sensitivity to upcoming macroeconomic data releases. Investors are closely monitoring these key support levels to determine if the current rally remains sustainable amid shifting liquidity conditions.
The Times of India Published by Surbhi Khanna
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