BTC Consolidates Above $55k After a volatile few weeks, Bitcoin has found some stability above the $55,000 level. This consolidation phase has been welcomed by traders, as it allows for a clearer direction to be established for the market. The upcoming U.S. CPI report is expected to provide some insight into the current inflation levels, which could have an impact on Bitcoin's price. Traders are keeping a close eye on this report, as any unexpected results could cause a spike in volatility for BTC. Altcoins Follow BTC's Lead As Bitcoin continues to consolidate, altcoins have also been following its lead. Ethereum (ETH), the second-largest cryptocurrency by market cap, has been trading around $2,000 this week, maintaining its strong position in the market. Other altcoins such as Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT) have also seen some gains, but are still heavily influenced by Bitcoin's price movements. Traders are closely monitoring these altcoins fo...
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