In 2025, bitcoin remains the world’s number one cryptocurrency and is not losing ground. To date, the market capitalization of bitcoin is $1,752.2 billion. It has grown steadily with the price.
12.09.2024
Over the past few days, the cryptocurrency market has once again grabbed investors' attention, especially as Bitcoin swiftly bounced back from a brief dip. Market fluctuations tied to macroeconomic events always fuel discussions, and this time is no different. Amid global economic uncertainty and the release of key U.S. inflation data, Bitcoin has once again demonstrated resilience, quickly recovering and climbing back to the $58,000 mark.
Bitcoin's price rebounded to $58,000 after initially dropping in response to the U.S. inflation report. On the evening of September 11, the leading cryptocurrency slipped from $57,800 to $55,500, but by morning, it had regained its footing.
The U.S. inflation data met analysts' expectations and was already priced into the market, minimizing its impact on crypto assets. Despite this, Bitcoin's price continues to trend upward. As of this morning, Bitcoin is trading at $58,000, reflecting a 2.5% daily gain and a 1.7% increase over the past week. According to CoinGecko, Bitcoin’s market dominance stands at 52.95%.
Bitcoin isn’t the only cryptocurrency gaining momentum. Ethereum (ETH) has risen 1.1% in the past day, reaching $2,360. Binance Coin (BNB) surged 6% to hit $541, while Toncoin (TON) climbed 1.7% to $5.39. Other major cryptocurrencies in the top 10 by market capitalization posted gains ranging from 0.7% to 2%.
Among the top 100 digital assets, Sui (SUI) was the biggest gainer, soaring 15.4%. On the flip side, Notcoin (NOT) recorded the largest loss among trending assets, slipping 2.5%.
Over the past 24 hours, the total cryptocurrency market capitalization has grown by 1.3%, reaching $2.125 trillion. Trading volume also remains high, surpassing $85.7 billion.
Meanwhile, the Fear and Greed Index, which measures investor sentiment, has dropped from 37 to 31 points, indicating that fear still dominates the market. This metric is an important tool for traders, helping them avoid emotional decision-making—whether it's jumping into a rally too quickly or panic-selling during downturns.
The latest developments highlight the crypto market’s volatility and sensitivity to economic news. Despite recent turbulence, Bitcoin and other leading assets continue to attract investor interest. Bitcoin’s ability to bounce back to $58,000 after the U.S. inflation report signals its resilience in adapting to macroeconomic challenges. However, with market sentiment still leaning toward fear, investors should approach the space with caution, particularly in uncertain times.
