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Market
Bitcoin's market cap ranking by end of 2024
4
Resolution / Starting Odds
Remains the highest • 33%
Drops to second place • 33%
Falls below second place • 34%
Cryptocurrency market tracking platforms like CoinMarketCap
Story
Bitcoin Surges Above $64,000 with 1% Gain as Inflation Eases in April
May 15, 2024, 12:48 PM
Bitcoin's price surged above $64,000 following a softer-than-expected inflation report for April. The US Consumer Price Index (CPI) data showed year-over-year inflation at 3.4%, with a month-over-month increase of just 0.3%, below analysts' expectations of a 0.4% rise. The easing inflation led to a weakening of the dollar, further boosting Bitcoin's value. Stocks also saw gains as a result of the inflation data. Bitcoin posted more than a 1% gain on Wednesday morning.
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