Here’s how the crypto market has been doing the past few days – think of it as a rollercoaster with a twist of lemon (And I’ve had my share of those in the SEO world). Just when you think you’ve got the ride figured out, market cap goes down by 1.3% in a day. Now, you’re wondering if you should hold on tighter or let go and jump?
Amidst this volatility, a looming revelation is pending – the US inflation data set to drop later today. Will it send crypto soaring, or will we all be side-eyeing our portfolios by the end of the day?
Yet, amidst the whispers of a possible bull run, one has to question: Is the crypto market about to throw us another curveball or is this real market maturity showing up? I’ve seen trends, I’ve predicted algorithms, but markets? They’ve got me on my toes like I’m back at my first SEO conference.
So what’s the play? Do we brace for impact with the inflation numbers, or gear up for potential gains? Here’s a thought – with all the hush about key indicators suggesting bull run antics, could our crypto gains finally be ready to dance?
The total crypto trading volume spiked by 44% amid all this, showing that even if the market cap hiccupped, the interest didn’t waver. And let’s talk about Tether’s USDT – its market cap hit north of $150 billion – that’s not just holding on; that’s thriving!
If you’re like me, you’ve got your magnifying glass out, looking for signs, patterns, and maybe a slight chance of luck. The market is like SEO – ever-changing, unpredictable, but with lots of hidden gems for those willing to dig.
To dive deeper into what might happen next, let’s hustle over to these key insights from industry experts on crypto trends and economic impacts. Could today’s inflation data be the catalyst for a bull run in crypto? Let’s find out. LEARN MORE.
Key Notes
- The cryptocurrency market cap declined by 1.3% in the past 24 hours.
- The US inflation data is expected to be released today, May 13.
- Key indicators suggest a potential bull run for the crypto market.
After nearly a month of high volatility and upward momentum, Bitcoin
BTC
$96 611
24h volatility:
2.1%
Market cap:
$1.92 T
Vol. 24h:
$29.09 B
and the broader crypto market are seeing a correction hours before the US Consumer Price Index data release.
Bitcoin fell from its local high of $105,000 to $102,600. According to CoinMarketCap data, the global crypto market cap declined 1.3% to $3.29 trillion.
The total crypto trading volume, on the other hand, increased by 44% to $179 billion. Tether’s USDT alone accounts for $129 billion in trading volume as its market capitalization surpassed the $150 billion mark for the first time.
