Bitcoin Surges Past $73,000 as Hot CPI Meets Fragile Ceasefire
Bitcoin surged past $73,000, rising 1.8% in 24 hours and 9.4% weekly, driven by a hotter-than-expected CPI report and a fragile U.S.-Iran ceasefire. Ethereum and other major altcoins also saw gains, while Bittensor (TAO) dropped 21% following negative remarks from a key developer. Overall, the market showed positive momentum amid mixed geopolitical and economic signals.
Bitcoin surged past $73,000 on Friday, up 1.8% over the past 24 hours and 9.4% on the week, as traders weighed a hotter-than-expected March CPI report against a still-fragile U.S.-Iran ceasefire. Ethereum followed, climbing to $2,250, up 2.0% on the day and nearly 10% over the past seven days, per CoinGecko. Solana gained 2% to $85, XRP rose 0.6% to $1.36, and BNB ticked up 0.3% to $609. Bittensor (TAO) was the day's biggest loser among top tokens, dropping 21% to $265 after a prominent subnet developer denounced the ecosystem.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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