Bitcoin traded flatly around $27,500 yesterday, but with US is set to announce the CPI numbers for April, that is likely to change later today.

The altcoins from the top 20 are also sitting quietly today, with little-to-no movements.

Towards the end of last week, Bitcoin initiated an impressive leg-up that resulted in nearing $30,000 on Saturday morning. It was followed by a rejection, though, which pushed the asset south hard, as it slipped below $29,000.

Sunday had little to no movement, but the once again on Monday and Tuesday, the landscape changed as the situation worsened. BTC first slipped to $28,000 before tanking down to a weekly low of $27,300 yesterday.

Since then, the price of bitcoin has managed to recover some ground and currently trading at $27,500. Due to the anticipated release of the US CPI numbers for April, more volatility is expected later today.

As the moment, the market capitalization of  BTC stands inches above $530 billion, while BTC’s dominance over the altcoins is just shy of 47%.

Despite being more volatile, the larger-cap altcoins have failed to register any significant moves in the past 24 hours either. Ethereum is still trading just $1,850, while DOGE, LTC, SHIB and TRX are with minor daily gains.

Overall, though, the total crypto market cap has remained unchanged since yesterday at $1.140 trillion. However, the metric is down by more than $65 billion since the weekend.

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