Bitcoin (BTC) advances the pullback phase below the $115,000 level to test a crucial dynamic support, the 50-day Exponential Moving Average (EMA), at press time on Monday. The pullback spreads amid broader market fear, resulting in liquidations of over $500 million in the last 24 hours.
The cryptocurrency market faced a sudden volatility surge on Thursday, reflecting the change in sentiment following the release of the US Producer Price Index (PPI) data by the Bureau of Labor Statistics (BLS) earlier in the day.
Ripple (XRP) faces a volatility spike with the price declining slightly to $3.11 on Tuesday as participants in the broader crypto market anticipate the release of United States (US) inflation data.