The price of Bitcoin (Btc) mostly recovered from his strong slump yesterday afternoon. This decline actually came as a surprise because inflation in the United States was lower than expected (which is good news).
The recovery of Bitcoin to over $ 80,000 is a careful positive sign. Altcoins Like Ripple (XRP) and Cardano (ADA), they benefit from it and are today in the green.
BTC course now on the way to $ 84,000?
On Wednesday the Bitcoin course A giant jump after American President Donald Trump took a big step back in his trade war. The higher import duties are paused for 90 days for everyone except China. As a result, Bitcoin rose from $ 78,000 to $ 83,000 in a short time. But yesterday this increase was quickly wiped out.
Despite the positive consumer price index (CPI), the value of Bitcoin dropped to less than $ 79,000 within just one hour of $ 81,500. That happened around 4:45 p.m. One might think that the market would be enthusiastic to the number of inflation that were published at 2:30 p.m., but apparently investors are still worried about trading tensions.
In the evening, Bitcoin showed a cautious relaxation towards $ 80,000, but most of the work was done at night. The border of $ 81,000 was reached this morning, and the course is currently just below.
Now it is important to break through the falling resistance line. If this succeeds, the important level of $ 84,000 is the next big test.
$ BTC daily
Pressure Building, The Question is not if this Breaks North, but When pic.twitter.com/ltb3lspfjk
– Super ฿ ro (@superbitcoinbro) April 11, 2025
At the time of the letter, the BTC Prize on the Coinbase crypto tour is $ 80,713. On the crypto exchange Bitpanda the BTC price is in euros at 71,570. Compared to 24 hours ago, BTC is 1.66 percent in the minus.
This altcoin explodes by 70 percent
Like Bitcoin, the majority of the cryptom market is still at a lower price than yesterday. But the prices are generally significantly higher than last night.
Ethereum (ETH) shows a strikingly disappointing performance, as we are used to, with a decline of 4.22 percent in the last 24 hours. So it is Altcoin Now worth $ 1,550.
XRPSolana (Sol) and Cardano (ADA) were able to completely compensate for their losses and are all close. This is a rarity on the cryptom market today.
There are some enormous outliers within the wider top 100. Onyxcoin (XCN) protrudes with a spectacular increase of 69.77 percent in the last 24 hours.
Bitcoin today: Inflation report expected again
Today we get important inflation numbers from America again. This time it is about the producer price index (PPI), which measures the price changes of goods and services at the producer level. It is also considered an important forerunner of the CPI. Costs that produce are of course often passed on to consumers later.
The numbers will be published at 2:30 p.m. German time.