Altcoins Retreat as Bitcoin Pulls Back From $110K; SOL, XRP Look Strong
After riding a quick bullish wave, the crypto market is turning cautious today as Bitcoin tops $110K and pulls back. Various altcoins have retreated from the daily high following a slight downturn in large-cap alts like Ethereum, Solana and XRP.
While analysts expect a new all-time high for Bitcoin price this week, the anticipation around a bullish reversal is spreading optimism among investors. However, the release of CPI data by FED is due today and it is expected to drive significant volatility into the market.
Marking a new weekly high at $110,330, Bitcoin has pulled back in a steady downward trend with it currently trading at $109,218 at the time of publication. The 24 hour trading volume for Bitcoin has declined 10.49% today,…
