ZEC Skyrockets by 13% in 24 Hours, BTC Price Reclaims $83K: Market Watch

The other notable gainers today include NEAR, PYTH, ENA, KAS, and more. Bitcoin’s price reacted well to the recent macro pressure and rebounded from the $81,000 range to over $83,000 as of now, charting a weekly high. The larger-cap alts have followed suit with notable recovery sessions today, including ETH’s 3.4% rise to over $2,450 and XRP’s strong rebound to $1.35. BTC Back Above $83K Bitcoin’s troubles intensified precisely a week ago when the US CPI numbers came out and showed inflation was still persistent and slightly higher than expected. A day later, the PPI reading confirmed this, and BTC nosedived once again. In total, the asset fell from over $84,000 to a monthly low of just under $80,000 all within 24 hours or so. The bulls finally intervened at this point and didn’t allow another leg down. Instead, BTC bounced off to $82,500, where it stood for a day, before its breakout attempt was halted at $83,000 and it slipped to under $81,000. The weekend was rather weird, including a $1,000 flash crash on Saturday evening. Another dip followed to $80,750 before the asset finally showed some strength and surged to $83,000 on Monday despite expectations for a Black Monday crash. ...