Bitcoin experienced significant volatility this week, fluctuating between $79,000 and $82,500 amid U.S. inflation data and regulatory news. The CLARITY Act's progress briefly lifted Bitcoin to $82,000, but selling pressure soon returned. Inflation data showed a 3.8% rise in CPI for April, the highest in nearly three years, intensifying market turbulence.
Despite positive regulatory developments, Bitcoin struggled to maintain gains, closing the week below $79,000 with a market cap of approximately $1.58 trillion. Meanwhile, altcoins like BNB, XRP, Dogecoin, and SUI outperformed Bitcoin, as traders shifted focus amid macroeconomic uncertainties and regulatory changes.
Bitcoin Faces Volatility Amid Inflation and Regulatory Developments
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